If the world uses a single currency - page 7.

yonjitsu

full member

Activity: 476

Merit: 100

www.daxico.com

Quote from: feny.blackpink on February 04, 2018, 03:06:26 AM

i dont know, i think the world use single currency is not gonna be happened.
because the countries around the world has their variety of incomes.

And on top of that, every currency used in every country has its own value. As to cryptocurrencies case, we do know that not all countries are in favor of cryptos which makes me think that it's impossible to have a single currency worldwide.

srmecdes

full member

Activity: 266

Merit: 108

it can bring equal life standart. it can precent unlikeliy manupulations. but this is not really easy topic..

jambul_kribo

sr. member

Activity: 980

Merit: 250

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.

Chrisjay29

full member

Activity: 392

Merit: 103

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

celcoid

member

Activity: 280

Merit: 10

Try not to stress that is never going to happen, and the purpose behind it is exceptionally basic no administration will energetically surrender his entitlement to print its own particular money the main governments that have accomplished something to that effect is on the grounds that they had been constrained by their subjects, since nobody in the nation will acknowledge the cash they print any longer yet with the exception of those nations each nation has their own money and that wouldn't change.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Quote from: Barbarian on April 03, 2018, 11:01:53 PM

Quote from: OrangeII on March 28, 2018, 12:35:31 AM

Quote from: Barbarian on March 27, 2018, 02:51:28 PM

Quote from: ?? on ??

No, the economy will not become more stable.

A single currency causes a country to lose its independence in exchange rate and monetary policy, leading to the flow of elements to developed regions.

Neither the free flow nor the unified central finance is currently lacking among the countries of the world and cannot be owned. So if there is a genuine currency at present, the economy will undoubtedly become more unstable.

This is correct if there was a single currency then countries around the world will be unable to adjust their monetary policy eventually this will hurt them and like always the richest country will be the ones that benefit the most out of it similar to what we are seeing with the European union.

you are right. applying such a system would only benefit some people, and much to the detriment of others. I think the current system is very good, and I think there will be very many parties who disagree with the 1 currency system for the whole world.

Besides having a single currency is to have more of the same, we will have even more centralization of the currencies which is something we do not want, that is why despite many people criticizing altcoins I think it is a good idea that we have many coins besides bitcoin so in the case a government takes over bitcoin we will have other coins to use.

That's the good thing about having lots of coins. As in the quote, we can understand the fact clearly analyzing the present situation of the cryptocurrency ecosystem. Now due to regulations the value of bitcoin has gone down, along with the same entire cryptocurrency network coins have fallen low.

Barbarian

sr. member

Activity: 728

Merit: 250

Quote from: OrangeII on March 28, 2018, 12:35:31 AM

Quote from: Barbarian on March 27, 2018, 02:51:28 PM

Quote from: ?? on ??

No, the economy will not become more stable.

A single currency causes a country to lose its independence in exchange rate and monetary policy, leading to the flow of elements to developed regions.

Neither the free flow nor the unified central finance is currently lacking among the countries of the world and cannot be owned. So if there is a genuine currency at present, the economy will undoubtedly become more unstable.

This is correct if there was a single currency then countries around the world will be unable to adjust their monetary policy eventually this will hurt them and like always the richest country will be the ones that benefit the most out of it similar to what we are seeing with the European union.

you are right. applying such a system would only benefit some people, and much to the detriment of others. I think the current system is very good, and I think there will be very many parties who disagree with the 1 currency system for the whole world.

Besides having a single currency is to have more of the same, we will have even more centralization of the currencies which is something we do not want, that is why despite many people criticizing altcoins I think it is a good idea that we have many coins besides bitcoin so in the case a government takes over bitcoin we will have other coins to use.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: eloymjb on March 31, 2018, 06:36:29 PM

its imposible to see the world that uses a single currency. because we all known that all of that government around the world cannot be united because of the some issue. not of all have a same idea that united as one to use one currency.

The reason we are never going to see a world with a single currency is simply because governments will be unable to tax their citizens with inflation in an effective way, with a single currency that will mean that in some countries the rate at which the currency is printed is too fast while in other countries it will be too slow, not only that governments will lose a lot of power if they gave up the right to print their own currency.

Zabrielle

full member

Activity: 294

Merit: 105

Every country has it own money currency so u i doubt it we can have a single currency. You see every currency has different rate when its converted in different country you are into. This is far way to happen.

arcanayou

member

Activity: 150

Merit: 10

if there is only one currency of course the world will be more prosperous without any trade restrictions, no need to worry about economic stability if it is true there is only one world currency, if all countries agree to a single currency, then surely rules and regulations must be very clear and detailed. such as the European currency, the expectation of a single currency in Europe is clear to the welfare of all the people of Europe not only for one country but the whole country, if prosperity can be created in Europe with a single currency, why not with the world?

Tapyaks72

member

Activity: 490

Merit: 28

Quote from: Angi on April 02, 2018, 03:19:55 AM

I think most of people will be get along because all people are using one single currencies and other country will be more stable and peaceful about it so there are possibilities that thing will happen and make people unite.

If the world uses one currency there will be a fair market place there's nobody that will dominate world's economy not like today we are dominated by dollars and euro currency specially the third world countries were their economy is very depend on dollar value.

Angi

full member

Activity: 560

Merit: 100

I think most of people will be get along because all people are using one single currencies and other country will be more stable and peaceful about it so there are possibilities that thing will happen and make people unite.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: agiskasep on March 31, 2018, 08:17:31 PM

not bad,but i can't imagine that the price will be stable or unstable. But it's impossible because there is much country with different currency

Bitcoin is a crypto currency and right now we are using our own country depending on what country we are living.
Since every country is govern by different people who is in power, I think they won't risk their country knowing they cannot control it.
I am happy to have crypto and fiat at the same time, it will complement each other.

misterj

full member

Activity: 434

Merit: 100

In my opinion, if we all use the same currency. The world would be better because it removes the barrier of each others race or country. Also that we are not obligated to study how money works in a certain country everytime we go out of town or go to other countrie with different fiat money. Also that bitcoin is mostly our currency used, we all know the benefits of using it because of the blackchain platform which records everything we spend or kept and it would lessen the threat of illegal transaction in our world.

agiskasep

member

Activity: 212

Merit: 15

not bad,but i can't imagine that the price will be stable or unstable. But it's impossible because there is much country with different currency

Fantastic33

member

Activity: 308

Merit: 12

Having one currency to be used globally is very impossible to happen since every government have their own currency with varying prices. And change from different currencies to one will take a lot of changes in the economic system. Also, i think the government wouldn't allow it to happen.

valentine401

full member

Activity: 378

Merit: 100

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 that government will not allow for every people to use just a single currency because there will be complications in the system like how the poor countries can keep up on the currency if their business and economy is not good enough to supply the amount of fiat of every country.

jak3

legendary

Activity: 1274

Merit: 1004

Well I guess this topic is very complex even for The Economist they are still debating on this but I think using a single currency can avoid a lot of problems from many countries, but as we know that a huge revenue is being generated from all these different kinds of currency which cannot be generated from single one and even though there are separate currencies for each country I have an opportunity to trade them for better opportunities but as because many people do not have experience of trading or do not have the correct knowledge on it so they never got the opportunity to try it.

eloymjb

full member

Activity: 247

Merit: 100

its imposible to see the world that uses a single currency. because we all known that all of that government around the world cannot be united because of the some issue. not of all have a same idea that united as one to use one currency.

douglock

sr. member

Activity: 300

Merit: 250

Quote from: fauzan Ichsan on March 30, 2018, 07:16:22 AM

if in this world only have one currency i think there is no currency trading. in addition, in this world is controlled by one country. many countries will experience poverty

You are wrong. If there is one currency, there will be only one country, not many.
However, it will never happen because all countries want to have their own benefits by having their own currency. The more new country exist, the more currency are created

Topic: If the world uses a single currency - page 7. (Read 1832 times)