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Author Topic: What will happen if we use a one currency only?  (Read 19049 times)
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December 18, 2017, 01:47:18 PM
 #681

This will never happen, Currency in every country symbolizes the value of their individual economies.
people earn profit through different currencies and then they exchange or keeps but they all currencies plays an important role because if there will be one currency then people will not earn as much as they need, different campaign give different currencies and then people earn normally if there will be one currency than people will face a lot of problems.

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December 18, 2017, 05:22:14 PM
 #682

[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. Cheesy
Actually it was really hard to achieve. First reason, we have different kind of government around the world. They will not allow one another to be equal on them. They all want to be the superior county. That's why it was really hard to have only one currency. Even if it is the currency for you but not in the other country. Aside from that the economy of one country were can be loss because of the independence policy.
It will create a world with low competition in politics and economics. Competition among countries has created a diverse and existential world. It also helps the world not be subjected to a unified regime to help greedy people control the world.
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December 18, 2017, 06:17:11 PM
 #683

I want something like that, but it means chaos. because the finas policies of the states are based on this arbitration. and everything that feeds the economy is turning over this system. it is a system that will stop all wars and capitalism, but nobody wants it. it becomes a global crisis precisely.


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December 18, 2017, 06:25:25 PM
 #684

If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex.
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December 18, 2017, 06:43:05 PM
 #685

Each country will then have the sane economy and the global market would be totally disturbed giving huge looses to the share holders. I don't think it is a good idea to make a single currency worldwide as it will than affect in a lot of counterfield currency, giving rise to several illegal activities. It is good that we have different currency for each nation which is centralised.
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December 18, 2017, 06:57:00 PM
 #686

Money dont unite People.  I dont see nothing good coming from one world currency
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December 18, 2017, 07:03:44 PM
 #687

It will create a huge disaster. You can use the same currency in the whole world so you don't have to change it every time in another currency, but the price of that currency will fall down and it can make new wars about whom will control the currency.
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December 18, 2017, 07:05:17 PM
 #688

This will never happen, Currency in every country symbolizes the value of their individual economies.
The individual economies of the world would have to merge before we are able to have a single currency, but that is no ever going to happen unless one country conquers the rest for that to happen and if there is a war, no one sis going to survive.



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December 18, 2017, 07:13:44 PM
 #689

Each country will then have the sane economy and the global market would be totally disturbed giving huge looses to the share holders. I don't think it is a good idea to make a single currency worldwide as it will than affect in a lot of counterfield currency, giving rise to several illegal activities. It is good that we have different currency for each nation which is centralised.

If we use one currency there will be no need to convert currency into another currency while traveling to other countries. Because most time we spent our money on the converting of the currency from on to another. In this way the exchanges get a good income from us. If their will only one currency then the traveling around the world will be very simple.
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December 19, 2017, 05:18:16 AM
 #690

I think it will not be good for the economy if we only use one currency there will be no competition in the value ,poverty is the main problem again in every country.A huge looses of profit of the investors ,and it is going to be war worldwide.
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December 19, 2017, 05:55:55 AM
 #691

if the whole world unite and using only one currency maybe it comes from a very hard devates to different country's because every country's are different statistic income. If we unite and used one currency it also deals with equal wourth of money shall we say one bitcoin of america is equivalent to one bitcoin also in the philippines. And we knew that these two country's are not the same status of income. So it is hard to use only one currency because it is quite the same and the same price even we used to other country's.

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December 19, 2017, 06:17:06 PM
 #692

if the whole world unite and using only one currency maybe it comes from a very hard devates to different country's because every country's are different statistic income. If we unite and used one currency it also deals with equal wourth of money shall we say one bitcoin of america is equivalent to one bitcoin also in the philippines. And we knew that these two country's are not the same status of income. So it is hard to use only one currency because it is quite the same and the same price even we used to other country's.
in my opinion, using a single currency in the World is an ideal concept there will be no tensions regarding exchange rates, currency difference, buying and selling rates, money exchangers and so on, just consider the example of Bitcoin. This cryptocurrency can be used all over the world in a single form. It is even independent of different currencies and therefore can be considered a standard currency.
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December 22, 2017, 11:17:33 AM
 #693

I think it is good because people would not need to exchange money everytime one go to different country every now and then. It will also unite people in different country, however, it can make it worse because each country has its own high and down value. People have different perspectives and having the same for all may cause many arguments for many different opinions so it is better to have a freedom for different currencies.

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December 23, 2017, 03:26:39 PM
 #694

if you don't think deeply, it would be convenient, but thinking a little is obvious that this is impossible, because there are many countries, peoples and cultures
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December 23, 2017, 03:32:46 PM
 #695

Money dont unite People.  I dont see nothing good coming from one world currency


That makes sense. A lot of people comes from different countries and they have their own idealism to things, we do not have the same kind of thinking and might not be going with these idea. Bitcoin might be a good digital currency that can be use by the whole people of this world, but with it's current state, I don't see other people going with this currency.

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December 23, 2017, 06:43:19 PM
 #696

I think it is good because people would not need to exchange money everytime one go to different country every now and then. It will also unite people in different country, however, it can make it worse because each country has its own high and down value. People have different perspectives and having the same for all may cause many arguments for many different opinions so it is better to have a freedom for different currencies.
If today the dollar is considered to be an international currency, And, this very much unites, and therefore if there is one currency in the world, then maybe it will be even better. Who knows, maybe soon the whole world will become one big shipping.

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December 23, 2017, 06:44:35 PM
 #697

Nothing is going to happen, we are using only one currency at the moment, and we are using different ones on our countries but it is backed on US dollar in most cases (not in mine)
But yes, nothing is going to happen, in fact, the price could be almost the same in all over the world.
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December 23, 2017, 09:34:50 PM
 #698

It's a balance economy and no one will ever greed on its country. but it depends on the state issue. and if they use blockchain technology then their will no corrupt in the country. people will be stable after all trials.

       
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December 23, 2017, 09:35:57 PM
 #699

Different countries have different debts, unless the entire world debt gets extincted a unique value coin wont be possible
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December 23, 2017, 09:47:39 PM
 #700

I believe that Block Chain technology will erase the borders in our world. Uniting people from different countries. It will become the precursor of a new society.
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