What will happen if we use a one currency only?

[delliaerd]

[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 every nation in the world only use one cyrrency it will be good becouse no one can destroy country economy like happen in 1997 in asean. The other advantage is inflation no more and every market will really fair. But I think the best currency to use is bitcoin or gold becouse government or anyone only can supply it by minning. So no more endless print like fiat that mean the value will more stable.

[wxa7115]

if its happen there will be no more exchange on our economy on each countries thats why we need to have different currency because it could actually help our country but if we all using us dollars i think we're not into going to US just to have job and get more income because we can work and find a job in our country because we're only using one currency.

The problem with a single currency is that different countries have different necessities that a single currency cannot answer, what if a country needs to print some money but another prefers that country does not? By each country having their own currency then it does not matter if another country wants to print more currency since it will not affect the supply of their own currency.

[NEWGOODOUBLE]

It's a good idea, I think it is very good for equitable world economy. the world can be divided into many countries, but with the existence of a single currency then the world will be merged. Prosperity will be easy evenly so there is no world hard.

nope it will make a mess. What will happen to the stock market, how are people working in trade and so on. I think it uses a lot of currency in each country will be much better and profitable

[StevensonCarl]

I think that it would not be good at all due to the fact that the economy all over the world will be ruined without any doubts!!

[eugene265]

Good question,I think it will be bad,but why can't say

[OrangeII]

It's a good idea, I think it is very good for equitable world economy. the world can be divided into many countries, but with the existence of a single currency then the world will be merged. Prosperity will be easy evenly so there is no world hard.

nope it will make a mess. What will happen to the stock market, how are people working in trade and so on. I think it uses a lot of currency in each country will be much better and profitable

you are right. besides the currency of each country has a different quality. of course there will be losses and gains in this regard, but, most likely the loss obtained will be greater. Well, a lot of jobs that use the currency different. if everyone uses the same currency, would very much appear unemployed, and the poor state of existing in the world will increase.

[lOvE mE forEvEr]

This is my dream and a lot of people, I will easily bring money and buy whatever I want in other countries without having to use a calculator to calculate the exchange rate. The best step we must soon  realization. I sure many benefits we can take if this world one currency.

[romero121]

One currency system is not possible other than digital transaction, because each country has its economy based upon currency value. When ever country starts using a single currency the economy of country gets affected based upon the holding of currency. In such instance small countries gets much affected and storing of black money will be easier.

[sportis]

   As someone wrote above if we speak about fiat then this would be our financial grave, a real nightmare. Have you ever imagine this case? that would be only one bank and could regulate anything (loans, interests) and so on without gives a penny to their customers?

   Only with bitcoins where any user is simultaneously bank and customer; this case would be viable.

[Botnake]

  As someone wrote above if we speak about fiat then this would be our financial grave, a real nightmare. Have you ever imagine this case? that would be only one bank and could regulate anything (loans, interests) and so on without gives a penny to their customers?

   Only with bitcoins where any user is simultaneously bank and customer; this case would be viable.

One currency that would represent us to connect is good, and for me that is bitcoin. While with fiat, it cannot be possible to use only one currency since we are not living in the same country and we do not have the same culture, though we can unite but we still have disagreements on a lot of things.

[X-ray]

One currency system is not possible other than digital transaction, because each country has its economy based upon currency value. When ever country starts using a single currency the economy of country gets affected based upon the holding of currency. In such instance small countries gets much affected and storing of black money will be easier.

That's right. the wealth country with many natural resource could reserve the big percentage of the money thus they got profit when the value is increased.the rest countries which are poor will only have a little percentage of those money so they will remain to be poor forever. one currency looks good but not possible if this world want to annihilate the poverty

[burner2014]

[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.

That's very interesting huh. I think that even if we only use one currency I think the price/currency value would still vary depending on the country. It would still have no effect since we have different economic situation especially in money.

[deisik]

A single currency for the whole world will be a mistake since who is going to print that currency? Probably a central bank, but that central bank will need to recognition of all the countries of the world in order to print that currency, and I doubt that we can reach that kind of consensus peacefully.

For that kind of consensus see Bretton Woods

Under the system accepted at the Bretton Woods conference in 1944, the US dollar had been essentially declared as a world reserve currency which exchange rate to gold was fixed. So we had already been there with one global currency, and it didn't end well. Quite naturally, the US printed more dollars that they had gold in their vaults eventually, and the system was officially dismantled in 1971. De facto it ended even earlier  in the mid-1960s, after Charles de Gaulle required the Americans to exchange the dollars that French central bank had in abundance into physical gold

[simpler2016]

One currency system is not possible other than digital transaction, because each country has its economy based upon currency value. When ever country starts using a single currency the economy of country gets affected based upon the holding of currency. In such instance small countries gets much affected and storing of black money will be easier.

That's right. the wealth country with many natural resource could reserve the big percentage of the money thus they got profit when the value is increased.the rest countries which are poor will only have a little percentage of those money so they will remain to be poor forever. one currency looks good but not possible if this world want to annihilate the poverty

Never this will not happen. Each country has its own currency and it is one of the hallmarks of statehood. I have too much to break the economies of all countries, to introduce a single currency

[MMA]

well if we all down to using one currency well it will be good there will be easy transactions any were you go but in that case it also has it own disadvantage cause there will be no room for currency trading again so the means of getting money will be very difficult it will be only for the few to get money.

but to me i think it will not effect the income of the people. it will regulate the economy of the world. it will become easy to trade in any corner of the world, you will never feel the need to convert your currency to any other currency,

[hase0278]

If we all use one currency only, it would ease everyday transactions since all of the world uses one currency. We also don't need foreign exchanges and stuff when visiting another country since we can use the currency we have to purchase goods at other countries too and this happening would be a good scene. Even if it were not to happen, I do hope one day there are currencies that are accepted worldwide by many people.

[warwar]

One currency system is not possible other than digital transaction, because each country has its economy based upon currency value. When ever country starts using a single currency the economy of country gets affected based upon the holding of currency. In such instance small countries gets much affected and storing of black money will be easier.

That's right. the wealth country with many natural resource could reserve the big percentage of the money thus they got profit when the value is increased.the rest countries which are poor will only have a little percentage of those money so they will remain to be poor forever. one currency looks good but not possible if this world want to annihilate the poverty

Never this will not happen. Each country has its own currency and it is one of the hallmarks of statehood. I have too much to break the economies of all countries, to introduce a single currency

I do agree on your each country has its own currency and their currency stands for something about their place their history and all about their country. So it has a sentimental value. But lets try to think if there are only one currency then sort of traders/ exchangers of money couldnt earn profits from it because one single money is equivalent to all over the world of its value

[Pattart]

It's a good idea, I think it is very good for equitable world economy. the world can be divided into many countries, but with the existence of a single currency then the world will be merged. Prosperity will be easy evenly so there is no world hard.

I think it would be better if each country has its own currency. I'm afraid there will be a scary thing when using one currency only. in fact we also have international currency that can be used in any country

[virasisog]

If that happens and if it exist ,We have only one government who manage that currency and the money fluctuations will no longer as this as many currency based on each other conversion ,Come to think about only one currency it is ok but in our world that we grow on this different currencies it is hard to adjust to have only one and its not applicable to every country's government which is a big problem to us.

[n691309]

If we use one currency then it means we have one world government or we have not government at all. Then we will have single standards for all. More unification, more efficiency, more transparency - keys to common wealth.
But also every person should have to have opportunity to issue his own assets for exchange.

There are many countries that use the same currency, it doesn't mean that every country has it own currency but there are lots of them that use the same currency and for some of them is good for some not that's why are invented many other currencies, to fits their needs and people earning from trading.