human in general have different cultures to each other, the main reason there are many currency because they want to create their own and control their own.
this one world one currency thing can be achieved when the world has become melting pot basically a world where there is less to no more racism and culture difference is normal, then people will care less about difference and actually strive for a good economic system.
as of now it's still kinda hard, but moving forward I'd expect the entire world to go on that path.
this one world one currency thing can be achieved when the world has become melting pot basically a world where there is less to no more racism and culture difference is normal, then people will care less about difference and actually strive for a good economic system.
as of now it's still kinda hard, but moving forward I'd expect the entire world to go on that path.
Using a single currency is a nice idea but there are different type of cultures and countries in the world and everyone will wish to do their things differently. Unfortunately, racism and discrimination persist, people are descriminating towards themselves, some citizens see themselves and the people in the same country with them as superior, while they see someone that is not from their country as inferior, which is not proper. A world can be a better and suitable place if we melt our hardened hearts and open ourselves for one another. by saying No to racism and discrimination against one another based on skin color, or nationality we can create a better, more harmonious world. unity, acceptance, and equality is really important for the peaceful, development and growth of the world.
Single world currency might sound so convenient, it will eliminate all problems with exchange rates, reduce the cost of transactions, and make trade and pricing more transparent. However, it will also face some challenges . One of which is that countries would give up their control over monetary policies, that will make them hard to solve their own economic problem if they need to. Besides, one currency adoption would be extremely costly and cumbersome under the prevailing divergent economic conditions among the member countries. The costs of lost economic flexibility and implementation costs are its disadvantages. Given that the benefits of this idea are pretty obvious, such risks are too high.
Yeah, I understand your point of view and you are absolutely right. Implementing a single global currency would be complicated, as each country's government would likely want to maintain control over its monetary system. This could lead to conflicts or crises between nations. Given the world's diversity and size, it's beneficial that each country has its own currency, allowing them to easily access and manage their monetary systems to address economic challenges and problems.
