Topic: If the world uses a single currency - page 4. (Read 1832 times)
If using the whole world using the same currency then I think the economy of a country will be more stable because there is no difference in exchange rates in a currency with other currencies and the price of goods is more stable, when we travel abroad can be easier because no need exchange the money first.
The idea of world using a single currency is definitely brilliant because it will represent union or unity regardless of races. However, currency is part of geopolitics or power so it is unlikely to happen. But who knows, it may happen in the future.
I think Whether we use the same currency, it does not affect economic growth. Just as the agreement that we have the same currency but the distribution of our country will not be the same.
If the world would use a fiat or cryptocurrency, the economy would not suffocate at all. The economy increases on how productive a country is.
It's hard enough for a nation to handle it's own money and using a single currency around the world would solve a lot of problems but imposes far greater challenges. Number one would be uniting all countries into agreeing to it.
There will be social jealousy among governments of different countries because the single currency will be a struggle by every country so that their country can dominate the world. This should not happen, the single currency is very dangerous and can lead to wars between countries.
Really it will be beneficial for common people and economy of the country,People will free from hurdle of exchange the currency during travel.Bitcoin have potential to be global currency and it will be in near future.
I think, if the world use a single currency, economy will be stable, because no have different value of currency like now ,example USD to IDR etc. So in the world have a same value for currency and you can buy anything with just one currency. But i think this is bad for government because value so stable.
It will be good, especially if we are to make use of gold only, this is because gold will not experience inflation, gold is like bitcoin which is limited. But the price of gold is more stable stable than bitcoin. Gold is good daily transaction, if all people using one currency then the world economy will be better I guess. But I think I love a decentralized world more.
There are pros and cons to this. Let's discuss! There shouldn't be a problem if we all used a single currency, at least it wouldn't be difficult to travel because all currencies are the same. It would be easier to identify fake money if all currencies were the same (if you are not well-informed about different currencies, it would be difficult for you to cope). Although, I think prices and cost of living MUST be the same or equal with all countries. The value of money may not be given as much importance as well. So for me, I think our economy will fail.
I think that is impossible, because if in this world only use one single currency, it is very vulnerable in making a crime. indeed there are advantages in the can, because we can travel abroad and shopping with the money we have now without having to exchange it first. but try to imagine the Corruptors who have a lot of money, he will easily wash money from their corruption to other countries.
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
Well our major problems nowadays will be non existent just like the third world country labels, cause if we have a single currency, the price of the goods will be cheaper rhan what it is right now and I think hunger will not be present in our fwllow children in africa if they afford goods and attending education.
If we imposed a single currency for sure the developed countries would greatly benefit from it and for those other countries who currently suffers from economic downfall would obviously do more harm. As we all know, each countries are different that makes that single currency impractical.
A single currency can be of course if all countries agree. It would be good: you do not need exchange offices, bank commissions for international transfers. But if there is a global currency, then there should be the same incomes in the countries, and this will lead to an overestimate of prices. the cost of production is different, the price of delivery, etc. This probably will not happen, except that the crypto currency will help if it is ligated.
I do not think that there is really quite the need to have a single currency for all parts of the world. That would take much effort and time to actually be implemented. Having different currencies is effective enough as for conversions depending on their economic conditions.
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
If the world will only use a single currency then that was gonna be great if and only if that currency is stable and no bitcoins cannot be qualified in that thing maybe they will become stable if that happen but it is a no no if you want to be the bitcoins. But it just means that there will be a one big world we are all united but that is too good to be true and we all have different perspective and cultures of course we do not want to have a single currency for the whole world. Maybe bitcoins can be used all around the world but never be an official currency of the world
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
We first must have a unified country before we can achieve a single currency. It is true that it is beneficial to some countries but i dont think that a single world currency can be made possible. This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
Well i assume you are proper perhaps single currency is simply challenging to make this is now not going to take place due to the fact each and every u . s . a . has its own beliefs and subculture the forex that they used is virtually sailed with the aid of its authorities and central bank maybe this is no longer goin to appear because if we use single forex in one world perhaps we will additionally construct one authorities on one world this is definitely a crazy thing.That is why i consider that this will no longer goin to happen.
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
The use by all states of a single currency is not yet possible as long as there are political and economic differences between them, until wars and local conflicts stop. We know that conflicts and wars on the globe have always been and this makes the adoption of a single currency impossible.This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
However much we like, the whole history of mankind is a story of continuous wars and conflicts.
Actually, It will cause many problems. Single currency tend to be centralized policy.
While the world has many countries and many different backgrounds.
While the world has many countries and many different backgrounds.
If the world uses a single currency then that is the better, because there will be no more exchanges of different currency , if you will travel to another place in the world you will not bring any currency because your currency is the same with there currency so there will be no more problem in every transactions.
If the world uses one single currency that would be bitcoins as there is potential for bitcoins to be accepted by the wider mass of people and every day new and new users of bitcoins are entering the crypto market making it so demanding and which causes for the rise in the price of bitcoins. The one world currency makes the transactions very easy through out the world without having to worry of changing bitcoins to fiat currencies as all the merchant's will be using the bitcoin network.
i think it is not even possible and it is very challenging knowing the fact that there are nation who wants dominance to other nation that is why their currency should be recognizes and they don’t want the world has only one currency. That is why some nation againts bitcoin because it has no boundaries and everyone is able to use it.
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