What will happen if we use a one currency only?

[JITENDERPAR3]

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion.

actually competition will remain same in the online and practical market . but i think  the agent ( site platform which help to convert one currency into other ) will no more make money and we will easily make deals with each other .

[1713558858]

1713558858

[bamboylee]

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion.

It is not just right to use one currency all over the world. Each country have its own economic status and using a single currency is not possible because richer countries will not allow it.

[arseaboy]

I think if that happen it will cause chaos and the economic will unstable, if the currency spread is not balance then it will cause inflation in the country that got least currency, so it's really important for each country to have it's own currency, so they have the power to control the inflation rate and their economic

Yes the world will be in chaos.. every country have their own perception and I think all country would agree if there will be only 1 currency that will be use worldwide. Expect a world war to come if this will happen.

[kevinn669]

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion.

I think if there would be only one currency being used by all nations, the world would be borderless. In the sense that there would be no limitation from one country to another. Goods and services can be bought without any conversion of money. Imagine that? We could pay imported goods without wondering what could be it's equivalent amount in our country if sold. And if ever this thing is possible, i think the value of imported goods doesn't matter anymore.

I agree that it would be beneficial to people, that there was one currency. But the banks and the bankers? After all, they live at the expense of currency conversion transactions. Many sectors of the economy will suffer

[BitcoinPC]

No way, never and ever it will be happened, now in present and nor in future. Every country like its own currency, and no one countries accept the other country's currency.
Also this matter can't be solved, because it has no answer. As we know every country has his own economy style, so in this way, many many circumstances would be happened, and nothing except.

[jossiel]

No way, never and ever it will be happened, now in present and nor in future. Every country like its own currency, and no one countries accept the other country's currency.
Also this matter can't be solved, because it has no answer. As we know every country has his own economy style, so in this way, many many circumstances would be happened, and nothing except.

It can happen have you heard the one world government and one world religion? Because of those illuminati's this can be possible.

And once they are able to implement that then for sure they are the ones who are going to make use of one world currency only.

Because that will signifies their power.

[bitstealth]

This is very hard for all government to use one currency for the whole countries, technically it is impossible so that I think there is no need to make any comment about this from my point of view, there is big difference among their economy some countries are poorest.

[noictib]

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion.

if we will use only one currency then can't get Profit from the money conversion from one currency to another .
i mean like we are using two currency suppose bitcoin and doller then according to fall and down of pro we arr making Profit .
in the same way we are doing trading at exchange sites which will be impossible with single currency .

[Kakmakr]

There are too many different opinions based on religion, culture and politics preventing this from happening. I know some religions believe that "one" currency are a sign that we are approaching the end of the world. Here is one example : http://www.bibleprophecyandinspiration.com/?p=538

Fiat money allows government to take out loans to an unlimited extent because fiat money by definition can be produced without limitation, without commercial limitation or technological limitation, and can be produced in whatever amount is desired.

https://mises.org/blog/how-fiat-money-destroys-culture

[BitcoinPanther]

If that will happen a lot of people will be fucked.

Let's pretend for a second that this is happening.

The biggest and powerful country will want to have the lead.

By the lead I mean she will try to approximate the value of the coin we all use.

1.00000000 coin everyone use is 100 USD.

One person who is working in the country I mentioned get a paycheck of 50.00000000 coins

One person who is working in the weakest country on the same position will get 5.00000000 coins

And now comes the best part.

prices for bread in the fist country 0.00500000 coins

and guess what the price will be for bread in the weakest country? 0.00520000 coins

This scenario is inspired by real life salary and prices, the only difference is that everyone will know it for sure as a lot of people are not good at conversions and if they are they don't care about prices in other countries.

I don't think price is computed that way.  Each country have specialty of goods.  By that the items that is abundant in one country will be cheaper than the other country no matter how much is their earning in there.  The reason why it is cheaper because it don't need to be shipped out of the country in order to be bought by the customer. Less expenses from shipment and customs taxes means cheaper price.

[BitcoinPC]

No way, never and ever it will be happened, now in present and nor in future. Every country like its own currency, and no one countries accept the other country's currency.
Also this matter can't be solved, because it has no answer. As we know every country has his own economy style, so in this way, many many circumstances would be happened, and nothing except.

It can happen have you heard the one world government and one world religion? Because of those illuminati's this can be possible.

And once they are able to implement that then for sure they are the ones who are going to make use of one world currency only.

Because that will signifies their power.

As you said it will be happened in imagination not in reality. I am not living in your country, So do you accept my government and my religion?   
Exactly, you answer will be "NO". Also same for me, I never accept your government and your religion. So same here no one country accept your currency.
As you said, i never heard about it even i never see in any movies.
Only one government, one religion and one currency in all over the world, IS IT POSSIBLE IN THIS WORLD? 

[davis196]

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion.

I don`t understand your question.Learn english.

Every nation uses it`s own national currency.The people are free to buy and sell every currency they want.

Are you talking about one global currency?

[kryptqnick]

I think it is impossible. If one currency becomes close to being a monopolist - another one shows up. Globalization is not possible without some localization processes. People start to return to local culture, traditions and thus to their own currency.
But if there still happened such a thing - I think some countries will be able to control the system and so it would be quite a totalitarian world.

[NeuroticFish]

[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.

One and only currency would mean a set of strict rules all countries will have to obey.

Just check the EUR as example.
There is some small % the EUR governments are allowed to spend more than the country's income. And it's not the only rule, I am sure.
Just check Greece, where they did not follow the rules and what problems they caused.

Now change this at bigger scale. Do you expect USA and China agree? And Russia too? And Afghanistan? Really?

If you don't have those rules, a global single currency cannot exist. Because one country will spend more than the other, thus cheating their neighbors.
And with rules, it's very hard too, near impossible.

The only way I see this to happen is to also have one global country = one government for all. Which is not going to happen in my lifetime.

[icecube45]

If all countries use the same currency it will result in no difference in price. And the economy of a country will be the same as using the same currency and its value will be the same clear. In addition, because the influence of demand and offer. so when the British state was the one who spearheaded their money, and other countries also negotiate to make money. State representatives filed a desire money respectively. So, it makes the currency of each country is different.

[gabmen]

Well there's going to be imbalance i think and rich countries won't accept it. Also I think it's close to impossible as countries and goverments will not allow this to happen.

[mastica]

Well in the past there were a huge market of exchange, material by material, then they introduces silver and gold coins, having a single currency worldwide wont happen, an if happens the price of rice will change between locations and countries as well, and currently the developed countries will always has advantages against the others.

[Ayers]

it will be a good thing because without many currency for example you can avoid exchanging your fund and losing a portion in fee or you can avoid big amount of fee when sendin money abroad to a friend or parent

[carlisle1]

if we will use only one currency then there would be only one government to control the economy in only one nation , this would only bring a chaos all over the world i guess . the reason why we have different currency i think it is because of different countries have different economic realities, different currencies are needed to maintain their trade advantage especially to those countries who used to export products .

[varyspro]

This idea was embodied in the EU. when on the territory of several countries, one currency is introduced.