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Author Topic: Do we need a global currency?  (Read 93 times)
EvaGC
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December 03, 2017, 12:16:19 PM
 #1

What do you think?
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marinomario
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December 03, 2017, 01:07:01 PM
 #2

Global Influence of Currencies - Example
The global forex market is by far the largest financial market with daily trading volume of more than $ 5 trillion - far exceeding other markets including stocks, stocks and commodities. However, the huge trading volume, the currency remains the main all the time. However, there are times when currencies move in a dramatic way, at times like that, the echoes of this movement can be truly felt throughout the world. Here are some lists of these events:

Asian Crisis 1997-98 - The Asian crisis started from the Thai baht devaluation in July 1997. The devaluation occurred that the baht was intolerably speculative, forcing the Thai central bank to depend on the US dollar and its currency unstable. This proved a financial collapse that spread to economies such as Indonesia, Malaysia, South Korea and Hong Kong. This led to bankruptcies in these countries and the stock market crashed.

pak blek
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December 03, 2017, 03:54:06 PM
 #3

Certain!
We urgently need it to facilitate transactions worldwide with 1 currency, not using the currency of each country which is quite difficult to convert first
Criptomen@30
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December 03, 2017, 05:35:47 PM
 #4

 No you dont need a world currency
coolcoinz
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December 03, 2017, 05:36:32 PM
 #5

I think we don't need it. Exchanges have worked out for centuries and I really doubt one currency would become accepted worldwide. This would require all governments to agree on something and since many countries have animosities it would never happen. Best case scenario a group of countries that are already working together, like the US or NATO could agree to a common currency. Why would they though? Introducing a new one would weaken the other.


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JesusCryptos
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December 16, 2017, 07:38:27 AM
 #6

Absolutely not! You centralise money, you centralise power, you end up in a totalitarian world. No thank you, not my cup of tea.

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