if only one currency is used in all countries then it will be very good, there will be no currency difference.
you can shop in all countries without having to exchange money.
but there will be enormous banking chaos .
Topic: What will happen if we use a one currency only? - page 15. (Read 19529 times)
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
If all nation is using one currency, I think, this is a big burden to all of us. You know why? Because we cannot dictate of our currency rate is increasing or decreasing. We cannot notice if our economy is going up or down. Having too many currency in the world is very important, it is also the one of the basis if our economy rate is increasing or decreasing. Having too many economy in the world will also helps other people to earn and gain money.
The question makes no sense because anything can be used as a currency, such as beer or rice or gold or litecoin or even toilet paper issued at no cost to the issuers though of course that wouldn't be recommended 
I think an example for what you’ve mentioned is the old times when there were not money yet. So people exchange object with object. Or they call barter. Like exchanging clothing for food or food for clothing. Jewelries for another object. Yarn for another object. In villages far from the city there are still natives who exchanges object for object like in my country there are natives who live in far villages who would bring chicken or goat fir clothing or whatever they would ask. if there is only one currency there would really be a competition on each country to accumulate as much as they can because it would really symbolizes power if a country would really have the most possession of such currency which would really mold up chaos because superiority would really be there.This is why this thing is impossible instead of uniting on most countries it would rather create chaos.
When we talk about one currency rule,it is not about the competition,it is about the risk each prosperous country take when they are other countries who are in debt sharing the same economy,if you look back at the Greece situation as they were struggling to pay off their debts and the entire euro felt the pressure to bail them out of the situation,so it is not a realistic situation,we have bitcoin and it is a true global currency. 
Bitcoin is the closest thing we could get to think about a realistic one world one currency option,other than that it is no way possible because of the diversification and trade culture differs from each and every country and apart from crypto currency,there is no way we are going to implement a one world one currency rule in a million years.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
If all nation is using one currency, I think, this is a big burden to all of us. You know why? Because we cannot dictate of our currency rate is increasing or decreasing. We cannot notice if our economy is going up or down. Having too many currency in the world is very important, it is also the one of the basis if our economy rate is increasing or decreasing. Having too many economy in the world will also helps other people to earn and gain money.
The ability to control interest rates, exchange rates, and amount of fiat flowing into the global economy is very crucial to the survival of individual nation's survival.
So no, there will not be a single currency, not in the near forseeable future.
So no, there will not be a single currency, not in the near forseeable future.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
If all nation is using one currency, I think, this is a big burden to all of us. You know why? Because we cannot dictate of our currency rate is increasing or decreasing. We cannot notice if our economy is going up or down. Having too many currency in the world is very important, it is also the one of the basis if our economy rate is increasing or decreasing. Having too many economy in the world will also helps other people to earn and gain money.
In my personal opinion one currency system won't cause bankruptcy or inflation as that has taken place in few countries. This will a supportive system as well let's people develop unlike their origin and location of living. This is possible, but the same affects the millionaires and to achieve this first of all people should forget discrimating each other.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
[/qu
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
[/qu
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
Having a global currency would, I think, be beneficial to some countries and at the same time would damage others. Buying powers of currencies would be eradicated because we are using only one currency and governments would have no control but a single worldwide agency would.What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
It is hard to predict, what is going to happen. It depends of the county which is goung to issue the money. Look at the USA, they can produce as much $ as they want.
Well I think it is much better because at least there will be no more conversion of money because we all have the same money and when it comes to economy we can rate it much easier because it is base on the national currency where in it is all the same. I hope someday we already have the currency so that the value of our money will be the same.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
Of course if we have already on world currency every country was have a united but the question is every country was approve or agree in one world currency like this cryptocurrency because we know that every country was depending on the taxis of money so that they are also depending on the economy of our country.
If already approve the one world currency it is ok because we didnt use the the hard copy of money so that we have a freedom to buy or everything using one world money.
I think if the whole world using the same currency will become easier. Because there will be no more currency exchange transactions that require a fee. But all that can not happen, because every country wants to ease its own country
I agree, if we use only one currency, this will be good for us because there is no more manipulation on certain fiat currency that can harm the other countries economy which borrow that fiat. For example if a country borrow some money in form of usd, then the price of usd is increase, this will be bad for that country which borrow money in form of usd. [Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
Of course if we have already on world currency every country was have a united but the question is every country was approve or agree in one world currency like this cryptocurrency because we know that every country was depending on the taxis of money so that they are also depending on the economy of our country.
If already approve the one world currency it is ok because we didnt use the the hard copy of money so that we have a freedom to buy or everything using one world money.
This will make the things simplest, think about the stability of the value of this currency, and the easy travel in other countries without thinking about the exchange of currencies... But there will have troubles too, if a govern like Chinea enters in a economic instability situation, how about the other countries, but in my opinion, a cryptocurrency like the bitcoin or the Universa tokens can easily solve this problems...
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
There is a good side and down side to this. Well for the good, we will all have one standard and everything will not be as complicated as now, whenever we need to transact, we no longer need to convert it to that said currency. Now, for the down side, the price of everything will be reorganized since we will be using one currency only, so it is more work.
I think if the whole world using the same currency will become easier. Because there will be no more currency exchange transactions that require a fee. But all that can not happen, because every country wants to ease its own country
That is right that if we do have only one currency then everything will be just fire as it is no more complicated situation and transferring money from one country to another country is not that hard if that happens so everything will be smooth but in real life we all know that this not gonna happen as countries wanted to have their own legal tender. 
I think if the whole world using the same currency will become easier. Because there will be no more currency exchange transactions that require a fee. But all that can not happen, because every country wants to ease its own country
It is a bit of a paradox, but it is kinda like saying that sales for X model fridge would sky rocket if it was the only brand name out there. Â One forex has a lengthy time to get here and by the time it does, there are most likely going to be other derivatives of Bitcoin that serve that goal much better. Then selecting that one forex will be another probelm.
Jump to: