If the world uses a single currency

[Jopay_Aso]

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.

Will ,this idea of one single currency only use to the whole world is only an elusion,because its never been happen,this is only a drastic dreams,because if this happen the whole country will have a one government,and  one currency, the people or the law maker always arguing each other,because some are obstructing the opinion while the other are not,thats why this speculation,would never been happen,because many nation will affected.

If the world uses single currency, there's a lot of war in the whole world, because each country wants to be the one who control it. Stealing of power to be the most powerful country in the entire world that's the reason why currency create not only one to maintain the peace in every nation.

[paynercash]

Each country has a different economy, should not share the same currency so small countries will not keep up with the major economies. For example, the European Union uses the euro, but because of the gap between the economies of these countries are facing many difficulties.

[CryptoMoonDevil]

bitcoin won't become much. it'll be a novelty soon because it doesn't progress with the new technology. bitcoin is controlled entirely by mining pools now. seems pretty centralized to me.

[darefreads]

Single currency to used to the world maybe it is not good idea for me and people here in my country that are working abroad to earn money because working with a different currency can make your salary in a job your work with, can double are regulay salary here in my country that's why I also agree that we don't use a single currency in all countries.

[Gabash]

This thread should be in the economy section though. But an answer to your question; if the world adopts a single currency, it may be good to some extent. Because it will stop the currency supermacy among countries. Moreover, using a single world currency do not turn an undeveloped country to  developed one, that is the work of their government. Aside that, It won't be possible because aside from national flags or anthem, currency is also another symbol for identifying countries.

... Yes  I believe the possibility of your opinion that flag is also for identifying countries aside from currencies. I think if the world uses a single currency is impossible to be happen because every country has a different economy and development. But if, it would  be happen the price is always different Because value is always depends on the supply and demand.

[jaysabi]

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 more countries used a stable currency, they might have more stable economies, but I don't know that it would have an impact on the world economy. Take Venezuela for example. It's currently suffering rampant inflation that is wreaking havoc on the economy, mostly because the currency in use is worthless. If they were to use the USD, it would bring instant stability because the USD is much more widely accepted than the Bolivar. So it would bring confidence that whatever money you have isn't going to rapidly lose value if you don't spend it. That's not going to magically fix their broken economy, but it will help very much to keep it from worsening because the currency is unstable. As that relates the the world economy, I would think that everyone using the same stable currency would help more than it would hurt, but there might be some adverse consequences for nations that cannot issue their own debt and could have negative economic effects because of that.

[yulionoo]

I think ya, maybe it will be stable but if the currency has a very good value like gold for example, from ancient gold/dinar/dirham is very good if used as currency, because the price is very stable and no one can fake it.

[reynilynedago]

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'm afraid a lot of country would disagree on this proposal you presented, but let's suppose this happened, I think there would only be two possible outcomes that would rise from the use of a single currency. That is either world peace and unity would prevail or misunderstandings and misconceptions between countries' respective leaders would result in a war

[dunfida]

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.

What if all nations do have single currency? Then there would be a complete chaos and competition on which country would accumulate as much as they can since we do all know that a country or nation do have lots of it would really signifies power above all countries which do have lesser possessions which means competition would be always there on accumulating which i do see as a bad thing.Back in reality every government would really tend to create their own to show up sovereignty into their own places or vicinity.

[Indai24]

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, using single currency is impossible to happen which it needs to be discuss many sessions in order to unite on what is the best for each country. Well, on my opinion, it's so impossible to happen since fiat money is very important especially those ordinary stores or even super market. I also, in favor those establishments as the crypto currency as a mode of payments which makes easy, fast and reliable transaction that can be implemented to those establishment are willing to have this kind of transactions.

Yes it is very impossible the the world will use a single currency because there are a lot of disadvantages may happen. Possible loss of import/export businesses since they are a great profit-based having a single currency for the while world would not be a great incentive because these business often rely on a value of certain currencies in the future.

[ArnoldChippy]

I think ya, maybe it will be stable but if the currency has a very good value like gold for example, from ancient gold/dinar/dirham is very good if used as currency, because the price is very stable and no one can fake it.

I think it may be possible in very near future, because people have now started using bitcoin from all over the world having same currency with same value everywhere, and can use it without changing it into any other currency. Bitcoin can be consider as the future currency because we are expecting bitcoin to be use as a single currency throughout the world.

[Whitly]

Well, I can't imagine it would happen even after 300 years, first of all, most of people will lose job, exchangers will be closed, on life of people in 3nd world countries it won't react, salary will be same, about products I think most of them will be cheaper on 10%. But another question, what kind of currency it will, maybe even cryptocurrency if government will find of how to regulate it.

[mahilchii]

Nope, its very difficult to have a single currency. This idea was a long one, there are developed, developing and ynder developed countries in the world and single currency will make the under developed and developing countries from bad to worst in their economy. I think this plan seems to be not working if implemented.

[nasipadang]

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.

It's like bringing all the people on earth into one country, I'm not sure it can happen and if happen there will be a lot of deviations or feuds about the value of the currency itself, cryptocurrency is also not just bitcoin but there is also altcoin and new token.

[mega sylviku]

It is not win or good solution changing the virtual currencies by using global currency or single currency. It is easy only when people travel or visit some countries around the world, because they do not need to come to money changer to change their money. Consequently, it will has many impact for the people life especially in the economical side. The implementation of global currency over the world will not have a little impact if it is unfair. It means that there will be big problem. The developed countries will take much advantages and benefit from it because there will not be risk currency in the international trading. The other impact is the economical system will be down, and where should the money be printed. It should be a central bank for the money printing. We know that it will be a problem in deciding the central printing.

[aeternus]

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.

It is the other way around, a world economy with only one currency means that some countries will adapt well to it but some others wont and will not have the capability to adjust their monetary policy in order to try to improve their situation this is terrible for countries like that and we are seeing something like this happening in the European Union already.

[becak mesin]

I think it is gonna be happened. However, I want to give my idea if it is happen, it will have much impact for the economical side around the world. There will be certain countries are lose, and other are lucky. 

[Polipog]

It is hard to implement a single currency use only, because in different countries has also different level of economic status. That's why every currency were forms of different quality and their value. For example the U.S dollar value, it is more high compare to any other country, because United States of America has a higher level of economic income compare any places in the world. So, it is hard to use only one currency because of different growth of economic income.

[icecube45]

I think it is gonna be happened. However, I want to give my idea if it is happen, it will have much impact for the economical side around the world. There will be certain countries are lose, and other are lucky. 

Yes you are right, there are losing countries and some countries will be lucky. There will also be changes in the global game arena as countries such as China will no longer be able to capitalize on the exchange of currencies to cheapen their goods in the global market. And also caused by the use of such a system is the loss of a country's sovereignty to regulate its monetary conditions independently. The loss due to this currency system is certainly bigger than its profit, I think it will not happen.

[Falmera]

This will never happen, at least not in the world we live in right now. A country willingly letting go of its own currency means you are leaving your fiscal policy in the hands of another country; which, based on our current experience, is obviously impossible.

In the first place, why do different country have different currency? One of its purpose is for country's identity. So if one currency will be implemented each of the country's identity will be possibly not recognized. Aside from that each country has different economic status. If that happens, it may create chaos. Those with lower economic status will  equate with those with higher status.