If the world uses a single currency

[Johnny Lgz]

It would terrible, they will try to control its usage and price and there is no competition at all, no risks no challenge, and simply boring.

[1714947210]

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[LudiAAA1]

Its never possible as there are still many on the earth who arent able to use digital gadgets and internet. How could they then manage their earning?

[BUK2016]

Well I don't think such a thing will happen in the nearest decade to come because it will be difficult for different countries to come to an agreement on how they unify a single currency to be use all over the world.

[crypt0heaven]

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.

IF the world were to use a single currency it would most likely be issued by the UN. They could run a global currency, thats the closest I can see happening.

[Panchum]

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.

When the world needs a single currency l think it is more good because we can easily move by all electronic transaction.And can control the whole world. If we have one currency it's easy to connect in every moves you want to make. Maybe all people will have easy communication and unite with one another. One currency means one order,one policy, one government. Maybe in the future we can have a one world government.

[mrcash02]

No, it wouldn't be good, as there would be a central authority controlling all the world's economy. There are always people trying to control economies, societies, lives, but at this moment it's harder, because the societies are independent and have autonomy, but once you unify everything, the control is made easier by one central group of powerful mafious.

There are rumours a single currency would benefit poor countries and emerging ones, for the unsuspecting ones it can seem amazing, but it will happen in detriment of productive countries. It's just a way to outsource the responsability of these poor countries, what isn't fair with the another ones that are really productive and "supply" the world with technology and goods. I would say without these evolved countries, many poor ones wouldn't be even civilized at this point. So I believe to want a single currency is to ask too much from these evolved countries...

[queenlaurel]

The world using a single currency wont be happening now, a lot has to looked upon. That is things that are bought in other countries, the amount they use in buying them, how it will be leveled to meet the standard of other developed countries.....that is a long time away from now. The world leaders might not agree, some because of selfish and reasons. If it does happen, there will be two things, total world peace or war. Its a long shot from reality.

[scorilo]

You can't say for sure what will happen, but in my opinion if the world comes to that sort of agreement it should mean that the human kind has evolved a lot and the economy should be a lot more stable, people would be treated better and real equality between humans should start.

[Jeepney_koh]

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.

Having a one single currency in the world is a good thing so that when you across boarders, you do not have to worry of changing the money because the value or price would be the same. This would also eman that all countries in the world are united and as one. Products will be more accessible and even the price will be the same. It will be a good thing to the economy of all countries.

[lucianus_luciferus]

i think this will never happen.
think about how much money the banks and the governments make from foreign currency exchange fees. they will lose billions if there will only be 1 currency in the world so they will never agree.
it will be great for everyone but unfortunately i don't think it will happen

[Cath0Vic]

If this happens there would be total economic colapse in world, mines all over world their can claim own copyright and there may be hacker bug strikes

[isyot12345]

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.

Actually its imposible this things   to happen to have one single currency entire global because we have different races dialect and form of government.actually this is only an specualation if this things happen,maybe we become united in one currency and no problem when you go abroad anywhere of the world because we  have one currency to spend.

[zarados]

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.

that's impossible to me. The countries of the world have their own ego, not to mention there are some countries that are considered to do cold war between south and north korea, america and russia, england and germany, and many more. in addition, the character of the government and people are different in every country, as well as the culture. Therefore it is impossible to set one currency for the whole world.

[Renal]

A single currency does not guarantee an advanced economy, because the market economy's advancement is not determined by the currency but to the extent that market players have an interest in fighting for economic action

[Nahl]

there is no guarantee if the world use only single currency will carrying economy stable even in my opinion if this is really happened i fear there will be one country who very dominate the world and probably they will rule the world because they can be manipulate economy world so i personally don't want this is happened to us

[boyptc]

If the world uses a single currency, will the economy be more stable?

I don't know what to say on this but IMO, it won't. This will trigger to have a manipulative economy because there's only one currency and people who are on high can do something they want to control the supply.

This is a very interesting question.

This is interesting if you do really love economics or you are curious with things that will possibly happen in the future.

[ngavanngo22]

I think the economy will never stable although the whole world use the same and the only one currency. As you can see for now, almost countries are using US dollar to make international trade but the price of everything still rise and down everyday so I think if the case you told will happen it'll not help the economy stable . Beside I think it's really hard to make the whole world use the same currency cause every country has it own culture, language and currency as well

[inooll00]

I do not think so, the currency of each country will affect the country's import-export circulation. If this currency is removed, then this circulation can not be controlled...

[AjithBtc]

there is no guarantee if the world use only single currency will carrying economy stable even in my opinion if this is really happened i fear there will be one country who very dominate the world and probably they will rule the world because they can be manipulate economy world so i personally don't want this is happened to us

No need to term it as guarantee, it won't take place in the nearby or in the future. Countries won't unite together to follow a common path. Somehow there will be opposite thinking, and even the countries which have got united under a single currency itself is in a urge to get out of the network.

[FoBoT]

It is going to look better just at the face of it in the area of unification. But I strongly oppose this and doubt if this can work out. The country with which the currency originated from shall be having superiority complex as their ego which shall at the long run have adverse effect. More so, our level of reasoning in different countries are different from one another, not to talk of our embedded varied cultures, this shall be another challenge. An insight is the economy of Canada that came up with Canadian dollars, and are not ready to accept US Dollars as payment means for goods and services believing that Canadian Dollars had superseded US Dollars.