If the world uses a single currency

[valentine401]

If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.

I think that government will not allow for every people to use just a single currency because there will be complications in the system like how the poor countries can keep up on the currency if their business and economy is not good enough to supply the amount of fiat of every country.

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[Fantastic33]

Having one currency to be used globally is very impossible to happen since every government have their own currency with varying prices. And change from different currencies to one will take a lot of changes in the economic system. Also, i think the government wouldn't allow it to happen.

[agiskasep]

not bad,but i can't imagine that the price will be stable or unstable. But it's impossible because there is much country with different currency

[misterj]

In my opinion, if we all use the same currency. The world would be better because it removes the barrier of each others race or country. Also that we are not obligated to study how money works in a certain country everytime we go out of town or go to other countrie with different fiat money. Also that bitcoin is mostly our currency used, we all know the benefits of using it because of the blackchain platform which records everything we spend or kept and it would lessen the threat of illegal transaction in our world.

[Questat]

not bad,but i can't imagine that the price will be stable or unstable. But it's impossible because there is much country with different currency

Bitcoin is a crypto currency and right now we are using our own country depending on what country we are living.
Since every country is govern by different people who is in power, I think they won't risk their country knowing they cannot control it.
I am happy to have crypto and fiat at the same time, it will complement each other.

[Angi]

I think most of people will be get along because all people are using one single currencies and other country will be more stable and peaceful about it so there are possibilities that thing will happen and make people unite.

[Tapyaks72]

I think most of people will be get along because all people are using one single currencies and other country will be more stable and peaceful about it so there are possibilities that thing will happen and make people unite.

If the world uses one currency there will be a fair market place there's nobody that  will dominate world's economy not  like today we are dominated by dollars and euro currency specially the third world countries were their economy is very depend on dollar value.

[arcanayou]

if there is only one currency of course the world will be more prosperous without any trade restrictions, no need to worry about economic stability if it is true there is only one world currency, if all countries agree to a single currency, then surely rules and regulations must be very clear and detailed. such as the European currency, the expectation of a single currency in Europe is clear to the welfare of all the people of Europe not only for one country but the whole country, if prosperity can be created in Europe with a single currency, why not with the world?

[Zabrielle]

Every country has it own money currency so u i doubt it we can have a single currency. You see every currency has different rate when its converted in different country you are into. This is far way to happen.

[South Park]

its imposible to see the world that uses a single currency. because we all known that all of that government around the world cannot be united because of the some issue. not of all have a same idea that united as one to use one currency.

The reason we are never going to see a world with a single currency is simply because governments will be unable to tax their citizens with inflation in an effective way, with a single currency that will mean that in some countries the rate at which the currency is printed is too fast while in other countries it will be too slow, not only that governments will lose a lot of power if they gave up the right to print their own currency.

[Barbarian]

No, the economy will not become more stable.

A single currency causes a country to lose its independence in exchange rate and monetary policy, leading to the flow of elements to developed regions.

Neither the free flow nor the unified central finance is currently lacking among the countries of the world and cannot be owned. So if there is a genuine currency at present, the economy will undoubtedly become more unstable.

This is correct if there was a single currency then countries around the world will be unable to adjust their monetary policy eventually this will hurt them and like always the richest country will be the ones that benefit the most out of it similar to what we are seeing with the European union.

you are right. applying such a system would only benefit some people, and much to the detriment of others. I think the current system is very good, and I think there will be very many parties who disagree with the 1 currency system for the whole world.

Besides having a single currency is to have more of the same, we will have even more centralization of the currencies which is something we do not want, that is why despite many people criticizing altcoins I think it is a good idea that we have many coins besides bitcoin so in the case a government takes over bitcoin we will have other coins to use.

[ASHLIUSZ]

No, the economy will not become more stable.

A single currency causes a country to lose its independence in exchange rate and monetary policy, leading to the flow of elements to developed regions.

Neither the free flow nor the unified central finance is currently lacking among the countries of the world and cannot be owned. So if there is a genuine currency at present, the economy will undoubtedly become more unstable.

This is correct if there was a single currency then countries around the world will be unable to adjust their monetary policy eventually this will hurt them and like always the richest country will be the ones that benefit the most out of it similar to what we are seeing with the European union.

you are right. applying such a system would only benefit some people, and much to the detriment of others. I think the current system is very good, and I think there will be very many parties who disagree with the 1 currency system for the whole world.

Besides having a single currency is to have more of the same, we will have even more centralization of the currencies which is something we do not want, that is why despite many people criticizing altcoins I think it is a good idea that we have many coins besides bitcoin so in the case a government takes over bitcoin we will have other coins to use.

That's the good thing about having lots of coins. As in the quote, we can understand the fact clearly analyzing the present situation of the cryptocurrency ecosystem. Now due to regulations the value of bitcoin has gone down, along with the same entire cryptocurrency network coins have fallen low.

[celcoid]

Try not to stress that is never going to happen, and the purpose behind it is exceptionally basic no administration will energetically surrender his entitlement to print its own particular money the main governments that have accomplished something to that effect is on the grounds that they had been constrained by their subjects, since nobody in the nation will acknowledge the cash they print any longer yet with the exception of those nations each nation has their own money and that wouldn't change.

[Chrisjay29]

If the world having only 1 currency i think there no hassel in buying or changeng currency from another currency . You wont worry about the money if you are in the other country

[jambul_kribo]

If the world having only 1 currency i think there no hassel in buying or changeng currency from another currency . You wont worry about the money if you are in the other country

but its very difficult to applied.there will be many countries that regard the country's most appropriate currency. unless there is one currency that is not tied to any country.

[srmecdes]

it can bring equal life standart. it can precent unlikeliy manupulations. but this is not really easy topic..

[yonjitsu]

i dont know, i think the world use single currency is not gonna be happened.
because the countries around the world has their variety of incomes.

And on top of that, every currency used in every country has its own value. As to cryptocurrencies case, we do know that not all countries are in favor of cryptos which makes me think that it's impossible to have a single currency worldwide.

[DJCanh]

It will be leaves like it was in childhood!

[beej]

If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.

The idea sounds dreamy and united, like everything is in harmony. But this really won't
go well, sadly a united single world currency is a disaster in the midst waiting to explode.
Come to think about it, if it were given a breath of possibility who do you think will run it?
what currency would it be? And most important of all, How long will it last? People have
different opinions and standings on such an idea, To me it's like a dictatorship or a higher
standard of monopoly. Government would have a hard time thinking a way through with it,
might as well have a single world government if that goes well. I think a single world
currency is just trouble in the making.

[Procopiogamscrypto]

If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.

Most of the country had their own currency because of it easier for them to create an individual monetary policy if they have different currency,  in the economy, for instance, we had a different standard of living, there are poor and rich countries, that's why it is not so easy to use a single currency.