What will happen if we use a one currency only?

[NightCloudz07]

[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 it can be great but many countries cannot approve that because they loose their own country currency and more country faith is will be loose.

[cheann20]

[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.

Well.. for me, I think it's not good. because the winner will be the one who controls the currency. Very often to heat up the economy using monetary emission. How can this be achieved if other countries are not profitable ..

[iyan33]

if we talk in bitcoin world we do not muggkin use one currency only because bitcoin can be used all over the world If only used one currency only then level of developing country will increase nyan monetary value and other country will go bankrupt, still have to wear the currency of his own country

[bengca84135120]

The world as long as a currency is impossible, if winning control of the money of a single person, does this mean that the person in control of the world economy, other countries in the world will be controlled, so I think this is impossible!

[mamichula]

I'm not from Europe, but did Euro not make it so that a country that's doing bad affected a country that was doing well?

[Gladz29]

[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.

Maybe the value of money it's low.. Because money of one country its depends to other country because every country need an investor. So if different currency it became progressive country.

[shezu007]

if a unique currency acceptance started in the whole world like BTC chances is more. Then user of that currency will get big relief of paying taxes because if you have your own country currency and you want to exchange it in any other country then you will have to pay taxes on that exchanging. While also one currency will make easy the way of online shopping.

[jelly19]

Can you image having the same food for all human being is good thing? If not, than having a single currency for whole world is also not a good idea which has been repeatedly avoided by developed world nations.

The simple reason (in addition to what Mr. Akash Mane said) is if there is only one currency, than it had to bear the burden of many under-developed economies (and also of some financially defaulted countries like Greece). Hence, the value of that currency would be highly undermined in terms of the performance of those economies which are struggling hard to maintain their status while the same value will be highly overestimated in case of those governments who are just sitting on the couch to gain their salary.

Moreover, a single currency status would be harmful for the markets as well because the Whole gamut of Foreign Exchange (the highest financial market with nearby $5 trillion volume a DAY) will be vanished. The same would also affect some parts of the economy as it would nullify the need of financial sector employees and would generate huge Unemployment.

[danie161]

Each country has its own currency to facilitate transactions, and if using one currency globally it will create chaos in a country's economy.This wills also help all the countries to trade independently without paying in other currencies.

[swordling143]

[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.

It could definitely work. I mean the only problem that I see here is measuring the value of every resources that each and every country has. After all is balanced, it is now easy to use just one currency. It will take time for everything to be stabilized, still it is worth the shot. That's why I think it is a great idea.

[coinfast]

 Euro was supposed to unify the economies of Europe into one single market but right now they are on chaos after  they decided to have one currency. I think everyone could buy goods at low prices, but it may be difficult, because each country has its own language, economic systems, and different resources. So, should more than one type of currency used

[Odora]

[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.

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.

For now it is very difficult to make a single currency into a currency that is used worldwide, for example EURO used Uni European but each european countries still use their own currency, selfishness still exists in each country ..

[matedrink24]

Each country has its own currency to facilitate transactions, and if using one currency globally it will create chaos in a country's economy.This wills also help all the countries to trade independently without paying in other currencies.

It seems not right, i think the poverty was born because there are so many currencies and people of rich countries owned their wealth for themself only and do not share them with poor and needy, who are need money to improving their life.

[markk94]

well, it could simplify the currencies that we already own and used it on daily basis. it could bring many impact on economical and political term. i don't know what will happen if there is just 1 currencies that this world use. it will become controversial development too.

[cyberkuto]

[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.

Having one currency may result to some advantages and disadvantages as well.  Every nation do have different rates of currency I think it is one of the problem if that will happen.

[best ever]

[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.

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.

The use of one currency will greatly simplify payments between different countries. But at the moment this idea does not look real.

[Leane Lee Natividad Cuenc]

The question makes no sense because anything can be used as a currency, such as beer or rice or gold or litecoin or even toilet paper issued at no cost to the issuers though of course that wouldn't be recommended  

I agree that Question is non sense...because currency can be used for anything...no such thing that we will use only one currency and what will gonna happen? Ofcourse nobody wants to use only one currency as well...

[faceoff97]

If this would happen, the question might be:

Who would manage the global currency? Probably this will be a huge discussion for the world leaders.
How would it be regulated? What would be the policies for this matter?
Does this mean we will have a centralized currency? Well, there are still so many questions to ask. I prefer the old stuff. Our currencies are also our mark as a nation. Chaos everywhere if this happen which is near impossible.

[patapon49]

The problem of a single currency would be the devaluation of the currency, the manipulation ect .. we would be even more dependent than today

[Tenderino]

The question makes no sense because anything can be used as a currency, such as beer or rice or gold or litecoin or even toilet paper issued at no cost to the issuers though of course that wouldn't be recommended  

Totally agree! The question is senseless because all people in this world will never use only one currency. Only one currency would mean that we have a one world government and this will never happen and never happened in the history. Even if there is one public currency, then people will still use other currencies like crypto currencies or even physical things.