At present, it appears that implementing a single currency worldwide would be highly impractical. Indeed, the prevailing theory is that a mixed approach is more desirable. In certain areas, such as Europe, gradually adopting a single currency may lead to considerable advantages. But for other areas, trying to force a single currency would likely do more harm than good.
The whole experiment of the European Union and an unified currency has been a failure, there are countries that have benefited like Germany but there are many other countries that have suffered from having a single unified currency, those countries could have been better never joining the European Union, conserving their own currency and just trying to get a free trade agreement with the European Union. 
Topic: If the world uses a single currency - page 8. (Read 1832 times)
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
Probably that is going to happen, it will also be so complicated to think with just only one currency. It will also create more nations that is their economy will not be developed. No competition means there is an imbalance in ecosystem and the government will not agree with only one currency. So, this one currency will be impossible to happen.
At present, it appears that implementing a single currency worldwide would be highly impractical. Indeed, the prevailing theory is that a mixed approach is more desirable. In certain areas, such as Europe, gradually adopting a single currency may lead to considerable advantages. But for other areas, trying to force a single currency would likely do more harm than good.
If the entire world will use a single currency, that would be a definite game changer. However, it's not likely to happen. . .ever. Different regions would have different costs of living, manpower costs, way of life in general. Unifying the world with the use of a single currency would mean that there's only one government running the place. There wouldn't be any diversity at all and, as already pointed out, will drastically change the economy.
Do not worry that is never going to happen, and the reason for it is very simple no government will willingly give up his right to print its own currency the only governments that have done something like that is because they had been forced by their citizens, since no one in the country will accept the currency they print anymore but excepting for those countries every country has their own currency and that is not going to change. 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.
In future, it can be happen and very interesting if the world uses a single currency
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.
I think yes because if we are going to use only one currency then we don't need to convert it into another one. We can say that something is stable or not if we are going to convert or compare it to other currencies. But I think this wouldnt be possible since a lot of currencies are existed and continually existing.
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
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.
In my opinion, if the world uses a single currency, yes, every economy in the world will be more stable. But what currency it would be? If it is bitcoin, every country will become powerful. And when that happened, I hope that it wouldn't be abused.
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.
because the countries around the world has their variety of incomes.
I think, world would be better cause the goods, transaction, gasoline, and everything that we exchange for money will ve cheaper and more achieveable , and probably there is no more poverty, cause people will have an strong connection with each other since the good were cheaper we can help eaxhbother at times and there is no more overseas worker to have a bigger salary.
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 might be a good idea to have only one currency but the issue is what currency will be used? Do you think the all nations will agree if it will not be their currency is to be used? If we observed each of the currency bear the significant details of each of the country. It is very important for the country's nationalism. But if the world will agree to use crypto currency, then might be good or another issue will occur. 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 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.
Should the whole world use a single currency, everything will be stable but tbe problem is that is the whole world together with the same ideology?. Every cohntry who boast of good economy wants to be the most powerful and hence it'll be difficult for such to happen 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 single currency would allow to solve a set of problems, beginning from search of exchange in case of a trip to other country and finishing with speculation in case of exchange of different currencies in the native land.
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.
i think its possible, in the word every country want to make their currency self.
create a stable, of course, can, we could see examples such as Europe. they use one currency and it's very good for their economies. If every country in the world can use this system then price stability and the economy it's going to happen.
Use of only one currency all over the world will work in greater benefit as it will only make the procedure of import and export far easier but along with it, you will also be having no worries of keeping currencies of different countries while travelling across the world. In addition to this, the economy of most of the countries will become at a similar level and that this will help this world in becoming economically stronger.
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.
That would be better if the world uses a single currency so that there will be no more exchange in currency and that every country will either make their economy be high so that it can compete with other countries economy that soaring to the top, it is now for the country to improve its economic growth, things to be prioritize to improve the economy.
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.
Every country have their own economic strengh and I think its very hard make single currency to use around the world. Like example on euro, they have many problem hidden because strong country subsidize weak country. But bitcoin can be single currency on internet transaction
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.
maybe the economy will be more stable, but there is much state, I think imposible to change a single currency. Every country has a currency , they do not want to be monopolized
It is impossible because the government of each country always wants to have their own currency. And by having their own currency, they will somehow have the power in their hand. Just look at the USA, many countries depend their life on it.
I think that it is impossible for one currency to be applied around the world, how the price of goods and products if only have 1 currency only, while the price of goods and products will also depend on the rate of each currency. if there is only one currency then the price of goods in each country will be the same right ? while social gaps across the country are very high. how will the poor live and finance their lives? this idea is very unlikely to happen.
If the entire world will use a single currency, that would be a definite game changer. However, it's not likely to happen. . .ever. Different regions would have different costs of living, manpower costs, way of life in general. Unifying the world with the use of a single currency would mean that there's only one government running the place. There wouldn't be any diversity at all and, as already pointed out, will drastically change the economy.
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