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Author Topic: What will happen if we use a one currency only?  (Read 19049 times)
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January 10, 2018, 05:22:56 AM
 #761

[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

It is not possible if all countries use one currency, many countries will reject it. Each country has its own currency to facilitate transactions, and if using one currency globally it will create chaos in a country's economy.

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January 10, 2018, 02:49:04 PM
 #762

[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 is possible. But every country won't make it possible. What will just happen to all countries who are in the bottom in terms of wealth. Some of them are relying in other countries. For example, 1 USD is a big amount to a certain country when you convert it into their currency. So I think they will not make it possible, unless they will make solution.
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January 11, 2018, 08:30:57 AM
 #763

There would be no point in trading and nothing will be worth people will be mad because the rich get more salary than the poor and people will be mad because they get the same amount of salary as everyone else.
I must say that the usage of one currency and that too across the entire globe will really prove out to be the most beneficial thing for all those who are living in this world.

This will remove the need of having multiple currencies especially for the ones who are busy travelling around the world most of the times. This wills also help all the countries to trade independently without paying in other currencies.

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January 11, 2018, 11:11:08 AM
 #764

[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

I guess it would be more organized since we are sharing the same value and amount of everything all over the world. Still, there is also a possibility that it would be kind of unorganized since the value of everything will adjust to the same currency and not all resources are found in every country. So, there must be balance.


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January 15, 2018, 02:10:26 AM
 #765

[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

 no.i dont want to happen this question in real world.because if they happen that we use only one currency it can affect for all nations economic.every nation have different rules on their government.and it gives a big problem if that happen soon.many investment,realstates.bankings etc.are close.so that the big problem.

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January 17, 2018, 07:57:18 PM
 #766

[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

I guess it would be more organized since we are sharing the same value and amount of everything all over the world. Still, there is also a possibility that it would be kind of unorganized since the value of everything will adjust to the same currency and not all resources are found in every country. So, there must be balance.
A single global currency would help unite the world and the smaller economies to compete with big ones. The global currency would help in so many different ways from buying and selling things to transferring money from one point to another. The bitcoin got a lot of value today because there are many businessmen and traders that are using it as a global currency since it is acceptable all over the world. 
As you said, why do we have many cryptocurrencies for the crypto world? Look at coinmarketcap, how many cryptocurrencies created? And how many cryptocurrencies useful? I am sure just ~30 coins is really useful for the world in the future, other are just for speculation.
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January 17, 2018, 10:00:55 PM
 #767

The idea is interesting but difficult to implement. Countries have different laws, taxes or earnings. Changing this requires a lot of work. It is enough to look at the problems of the euro in the EU. Each country has its own interests despite the single currency.
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January 17, 2018, 10:31:20 PM
 #768

[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 is possible. But every country won't make it possible. What will just happen to all countries who are in the bottom in terms of wealth. Some of them are relying in other countries. For example, 1 USD is a big amount to a certain country when you convert it into their currency. So I think they will not make it possible, unless they will make solution.
That, I think, would be great. You can use a currency to exchange all over the world without thinking of the conversion of the national currency of any country, society will become more equal between countries, no the gap between different regions of the world. That is a very nice perspective and I like that.

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January 17, 2018, 11:25:57 PM
 #769

[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
It is a complex thing if we would have just one currency for the entire globe. Simply because each country was goverened by a different group or leaders, the economy of each country are different.

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January 17, 2018, 11:32:23 PM
 #770

[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
Possibly, it will not lead to unity. You know why? Because all countries are now globally competitive so they will not allow that they are just with the same position with other countries. Also, all countries have their different wealth and country resources so they will surely not allow to make that thing happen. So we just keep it on the position where it is currently right now to avoid such happening to take over.

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January 17, 2018, 11:42:29 PM
 #771

[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 is possible. But every country won't make it possible. What will just happen to all countries who are in the bottom in terms of wealth. Some of them are relying in other countries. For example, 1 USD is a big amount to a certain country when you convert it into their currency. So I think they will not make it possible, unless they will make solution.
That, I think, would be great. You can use a currency to exchange all over the world without thinking of the conversion of the national currency of any country, society will become more equal between countries, no the gap between different regions of the world. That is a very nice perspective and I like that.

Thinking this will be great but still, it will not happen I can see every leaders of the country disapproving and laughing at this kind of idea. First off, every leaders has their own way of fixing and maintaining their economic status, they circulate money in order to control it and how it will be doing in the circulation in the country. There are also some leaders who managed to increase the value of their currency and will not accept that it will be replaced by something to be used by all of the countries. Every country are competing with each other by showing their good economy and control, using only one currency is like saying to them to be same as the others and also bring down the level of their economy which we all know that will never happen. Every leader of ever countries has their own big and high pride.

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January 17, 2018, 11:44:24 PM
 #772

[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
I think it won't happen because there are countries that will create their own currency

Possibly, it will not lead to unity. You know why? Because all countries are now globally competitive so they will not allow that they are just with the same position with other countries. Also, all countries have their different wealth and country resources so they will surely not allow to make that thing happen. So we just keep it on the position where it is currently right now to avoid such happening to take over.


I agree on you. All countries are now globally competitive and it's will lead to inflation i think. the circulation of currency will keeps increasing because some people might hold or keep their money.

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January 18, 2018, 12:11:45 AM
 #773

I think this is a good idea, the world will be better if using single currency, commodity prices will be the same and of course the economic gap between countries is not too far away.

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January 18, 2018, 01:51:15 AM
 #774

I guess i will be a disater because the goverment which print this currency will hold all the powers of the world in their hands and it's not a good one.

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January 18, 2018, 01:54:01 AM
 #775

Wouldn't a shitty economy in one country, or something unfortunate happening lower the value for all other countries? I don't like the idea that much.
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January 18, 2018, 02:06:39 AM
 #776

[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
In my opinion, the world's economy may be stable but static. There will be no such thing as inflation, even in some small countries it will be difficult to export imports to big and advanced countries, hoping to profit from the imported exports to be smaller, because the value of its currency is the same as the big and developed countries.

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January 18, 2018, 02:42:04 AM
 #777

Every countries are differents in terms of economic status, it is hard to use only one currency because in every country the agricultural, industrial, social and communication are different in quality and also different in price, if we used only one currency and one value maybe the word unity will come true or globally united. If we use only one currency, it will also affect globally economic balance,  shall we say that all countries are level in terms of economic goods and product's, and there is no country's above and below it will globally level in terms of goods and commodities, because we are using one currency and equal in value. Nothing to fight or declare war against other nation to become superior or most powerful country because even though one country won the war after all we are all equally balance and nothing will become most powerful country it is equally level and helping towards together by developing globally equal in terms of economic status.
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January 18, 2018, 03:44:48 AM
 #778

[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
One good effect would be leveling up the buying powers of every country in the world and i think that with this same reason powerful countries would not simply allow this to happen because they cannot enforce dominance over the other.

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January 18, 2018, 04:52:47 AM
 #779

[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

It is not possible if all nations use one currency to transact. Every nation has its own currency, they will not easily accept other currencies and turn off the local currency.

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January 18, 2018, 05:12:33 AM
 #780

[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

It is not possible if all nations use one currency to transact. Every nation has its own currency, they will not easily accept other currencies and turn off the local currency.
Yes, its like our fiat money we have different currency so it isn't possible to have only one currency. Perhaps altcoins and bitcoins is a digital money but as main use bitcoins is one currency that is use by most people who learns cryptocurrency. With this we have bitcoins and we have altcoins in different country in circulation.




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