What will happen if we use a one currency only?

[Konthol Ngaceng]

Need long preparation to use one currency, as we know that more than 7 billion people in this world need money and difficult to unify currency in the near future, there will be many conflicts between countries as single currency will make the economic difference more visible.

[CoPil]

[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.

I suppose as long as the currency that you're talking about is centralized, then why not... it would be "really" complicated (because of the unity of all countries, laws, dissolving all currencies present. etc.) but that's at least, quite possible if ever... in the future.

[jalato.143]

[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.

I suppose as long as the currency that you're talking about is centralized, then why not... it would be "really" complicated (because of the unity of all countries, laws, dissolving all currencies present. etc.) but that's at least, quite possible if ever... in the future.

IF the whole world start using of the only one currency than it will be very good for the traveler around the world they will not to exchange their countries money to the countries money to which they are going to visit/travel. By this way we can save our money to some limit because the we pay tax to exchange when they convert our currency to other currency.

[androidr]

We use one currency, we know that there are many advantages and disadvantages using one currency, the one advantage I think that life will be normal and their no boundaries at all, but in disadvantages of the one currency will be effect the government and also the society, and many more advantages and disadvantages God know what is right to be happen to the world.

[innocent93]

[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.

If we use only one currency in the hole world that means the dissapearing of the country's, we will be only one enormous country with one culture and so on.

[danpaz]

Well all countries must have a good economy because if one is not performing well then all will be affected as having one currency is like having a one body and if one part aches then whole body is affected

[ahmad21]

[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.

First of all it won't ever be possible because people just can't give up the power that they have. Let's imagine if we get a situation when whole world uses one currency. First of all foreign exchanges just need to close up their operations. Then comes the problem of regulation. Regulating one country becomes too difficult for one govt and how difficult it will be regulate 7.5 billion people together?

[Sophia29]

This is very dangerous scenario for the worlds economy or for rich economy than the rest because they have to cope with not performing well economy for them to continue grow,

[Lubang Bawah]

One world one currency is not fair because it will be domination by strong state, if this is applied it will make weak country economics destroyed, I'm sure poverty will increase if the world apply one currency.

[futuret]

Need long preparation to use one currency, as we know that more than 7 billion people in this world need money and difficult to unify currency in the near future, there will be many conflicts between countries as single currency will make the economic difference more visible.

I am agreeing with you if a lot of and the high population of country will use only one currency then it will make things tough. Using one currency can make the prosperity uneven than what is happening right now. For sure every government will show high interest for the global currency and will not trust something new so for this we will have to work hard and make a person trust everything that is good and profitable.

[pisston]

Need long preparation to use one currency, as we know that more than 7 billion people in this world need money and difficult to unify currency in the near future, there will be many conflicts between countries as single currency will make the economic difference more visible.

I am agreeing with you if a lot of and the high population of country will use only one currency then it will make things tough. Using one currency can make the prosperity uneven than what is happening right now. For sure every government will show high interest for the global currency and will not trust something new so for this we will have to work hard and make a person trust everything that is good and profitable.

and you think that this is the only and unified currency will be Bitcoin? I doubt this very much, because Bitcoin is a high technology and certain possibilities and knowledge are needed to deal with these coins. Almost 60% of the world's population will be unable to manage their money in Bitcoin.

[dogandogru]

Inter-country trades will get easy. people all around the world are able to get the quality products from all around the world easily and at cheaper price.
But I don't think central authorities all around the world will ever let it happen. because in that case world political leader will lose their power and influence from the people in their country.

[yoseph]

Intercountry trades will get easy.

That's highly impossible,  I don't see how the entire world will let go of their mistrust towards one another and decide to use a common currency before that happens there needs to be one country in the entire world.

[a4techer]

[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.

I think that is e that only one currency that we are using because there are so many spucalation that if each country accept or adapt the crytocurrency or the digital money step by step removing the paper money or the tangible money just because of crypto currency and that was possible soon or later government approving that kind of proposal that we have only one currency.

[Celebrity]

Need long preparation to use one currency, as we know that more than 7 billion people in this world need money and difficult to unify currency in the near future, there will be many conflicts between countries as single currency will make the economic difference more visible.

I am agreeing with you if a lot of and the high population of country will use only one currency then it will make things tough. Using one currency can make the prosperity uneven than what is happening right now. For sure every government will show high interest for the global currency and will not trust something new so for this we will have to work hard and make a person trust everything that is good and profitable.

Hopefully bitcoin will chance the situation if it can be the only driving power of the market, it will become as the one currency of the world. This is not an easy thing but this may happen within 10-15 years.

[justyourkuya]

If all nations will only use one global currency, it will possibly limit one's opportunity to succeed. There will only be limited resources to acquire because everyone is holding just one currency. The trust for every nations might be compromised as well. It can also contribute to the dominance of one state over another. And it shows unfairness. Economy of one nation could possibly go weak and down.

[seven2smoke1]

One world one currency is not fair because it will be domination by strong state, if this is applied it will make weak country economics destroyed, I'm sure poverty will increase if the world apply one currency.

You are right, I think it will be a wrong move if the all countries in the world will use only one currency. I mean that there is some countries like united states or russia have a high potential of economic compared to other countries for the 3rd world, so it's not fair to use one currency around the world, many countries will be affected by that.

[Bitcoin2009]

I think this is a good idea, but it takes a long socialization because many countries do not have good information access, for example in a third world country. with one currency then economic problems can be solved together.

[SandaraPark]

In my opinion, for sure other countries would not give support in this idea. If the chosen currency, for example the dollar, the economy in U.S. is better than others so it will make chaos in the global economy. Weak countries would be led by the U.S. government. Since every country's economy is different from one another, like Asian products can be bought easily by the Americans. 3rd world countries would much feel poverty. 

Other type of money will serve only as a collectors item.

[YTBitcoin]

What will happen if we use a one currency only?

One thing for sure, money changer will be out of business.

This is not possible as there are a lot of currencies right now at different parts of the world and that is important for the business of the world to run perfectly. This thing is good for some but at the same time, it is bad for others. Different types of Crypto currencies have initiated a big step towards this but Some state owned banks will try to curb this to keep their say in the monetary policies of the countries. So it seems really difficult today.