If the world uses a single currency - page 6.

sampalokmix

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

Well rhe world where we aee living will be better if we have single currency since our major problems will be non existent just like the poverty we are facing nowadays rhe third world country labels, and our children in different places in the world will habe a proper education and enough supplies of food which they lack nowadays, cause the price of the goods were a lot cheaper than what it is today.

sampalokmix

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

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.

Rossy Akbar

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Well, I think there are to side we need to look onto, one side is good if the world using a single currency because there is no different between them, but also is possible because in each country they have a different main income like vocational, rice field etc. So, it's kinda good profit to a big country who has a big value of currency to ask their people for holiday to a small country, and we can change that even bitcoin was exist.

maximrussky

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Quote from: buinchain on February 04, 2018, 02:58:04 AM

The reunification of the currency is certainly good, but this is hard to come by because it means that all countries on earth have an alliance or just one country left, just like the EU. The former approach is basically impossible because countries have different views Different habits, and then one, for the time being, every nation has such abilities.

I think that rather than yes. The world is not yet ready for this turn of events. It takes at least 100 years to achieve such results.

reda

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Quote from: mikyadel on April 16, 2018, 10:49:28 PM

well,unifying currency has its upside aspect. take a look at European countries for example.but,it'd be also unfair for some lazy,corrupted countries to get a strong currency which is a reflection of the economy strength.

Currency values is important for the country growth. Now most of the country currency values differ. People use the difference currency. If use same currency in all country easy to any where and same value in all country. People not change the any country currency. But it not choose the country growth. If need to know the country growth people growth is important for the country growth.

mikyadel

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well,unifying currency has its upside aspect. take a look at European countries for example.but,it'd be also unfair for some lazy,corrupted countries to get a strong currency which is a reflection of the economy strength.

dekafee79

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

I think the world use single currency is not gonna be happened.because every country has its own currency.

deppil

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Quote from: jambul_kribo on April 06, 2018, 01:45:57 AM

Quote from: Chrisjay29 on April 06, 2018, 01:13:40 AM

If the world having only 1 currency i think there no hassel in buying or changeng currency from another currency . You wont worry about the money if you are in the other country

but its very difficult to applied.there will be many countries that regard the country's most appropriate currency. unless there is one currency that is not tied to any country.

of course that is impossible, there are billions of people in the world how to distribute one currency to the whole world, who controls and regulates it? then a country's economy is also determined from their local currency in the market, if there is only one currency how the price of goods in each country is determined by ? I think this idea is impossible to implement

jmaseved

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I don't think it will happen because the level of economic development is different around the world!

The price of the same item in different parts of the world is different. If you use the same currency, it will cause a bigger economic crisis!

Dread Pirate Roberts

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

It will never happen, because every country has a central bank in regulating the country's economy.
and the bank must have its own regulation in each country. the price difference in asia is definitely much different from europe. so single currency for 1 world is impossible.

ExtremeFacials.com

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We can partly answer this question by lookint at euro currency countries, so one of the things, it rould be way much comfortable to travel, no need to have different money everywhere.

Ayush rana

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

Yes it could be happen that after using single currency thst world economy become more stable, it will be like using one currency for every thing ( trading, buying, selling, ingesting)
But the main thing is when countries starts holding this currency this will lead to increase in the price of that currency and which will effect other countries badly.

jhean_arcane

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If the world uses a single currency, then it is so much simpler in the economic level. However, currency is now seen as a identity of a nation, so it is nearly impossible to abolish all currency and make one as the official currency of the whole world. In order for that to happen, a world war needs to happen that will nearly annihilate all governments, then appoint One world leader in a one world government.

liseff3

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

In fact the adoption of the single currency was once proclaimed by the Chinese government, at the G-20 summit in London in March 2009. But this idea is not very well supported. What is clear the positive response to follow-up application is still very far away. In Southeast Asia itself, has also been initiated also unified currency, a kind of Euro for the single currency area. However the countries in it are not very enthusiastic about responding.

The currency of a country, actually performs a dual function one of its roles is as a barometer to strengthen and enhance the value of a country's productivity and ensure the stability of the country's political system.

Barbarian

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Quote from: beej on April 07, 2018, 09:39:01 AM

Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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 idea sounds dreamy and united, like everything is in harmony. But this really won't
go well, sadly a united single world currency is a disaster in the midst waiting to explode.
Come to think about it, if it were given a breath of possibility who do you think will run it?
what currency would it be? And most important of all, How long will it last? People have
different opinions and standings on such an idea, To me it's like a dictatorship or a higher
standard of monopoly. Government would have a hard time thinking a way through with it,
might as well have a single world government if that goes well. I think a single world
currency is just trouble in the making.

Having a single world currency will be a real trouble, having a single reserve currency like the dollar is already bad enough and some countries like China and Russia are trying to get rid of that standard and that is why they are trying to avoid the dollar when they are conducting trades among themselves, can you imagine how much damage a single currency will do to the world?

East2011

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"Reserve Your Ledger at GYMLEDGER.COM"

Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

I think no country will angry if we use only single currency. All currencies all over the world has significance to their country. And they don't want to change.

romeo23

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A disaster. Some nations would import more goods than they export. They would literally run out of currency, being unable to print their own. This leaves vaults, tills and ATMs empty and kills their entire economy. Their only option is to pay high interest to borrow money from other nations. Strong austerity measures will be require3d. Riots will result. One currency is a really, really bad idea.Today, they would just print more of their national currency. This will cause inflation. Inflation will make it hard for them to import and easy to export. Thus balance will automatically be restored to their balance of trade. A much better result.

Procopiogamscrypto

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

Most of the country had their own currency because of it easier for them to create an individual monetary policy if they have different currency, in the economy, for instance, we had a different standard of living, there are poor and rich countries, that's why it is not so easy to use a single currency.

beej

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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 idea sounds dreamy and united, like everything is in harmony. But this really won't
go well, sadly a united single world currency is a disaster in the midst waiting to explode.
Come to think about it, if it were given a breath of possibility who do you think will run it?
what currency would it be? And most important of all, How long will it last? People have
different opinions and standings on such an idea, To me it's like a dictatorship or a higher
standard of monopoly. Government would have a hard time thinking a way through with it,
might as well have a single world government if that goes well. I think a single world
currency is just trouble in the making.

DJCanh

member

Activity: 278

Merit: 10

It will be leaves like it was in childhood! Grin

Topic: If the world uses a single currency - page 6. (Read 1832 times)