Are you in favor to use only one currency for the whole world?
By EconKnowMix
@EconKnowMix (858)
Philippines
March 23, 2009 8:29am CST
Different currencies are so confusing.
We have to change our currencies whenever we go to
different places in the world.
It is so tedious and confusing..
so, I am in favor to use one currency
for all of us...
how about you?
11 responses
@xfahctor (14118)
• Lancaster, New Hampshire
23 Mar 09
Absolutely not. I am not in favor of a global anything. We have national borders and identities for a reason. Global currency equals global control. Besides, and probably more importantly, for the U.S. to accept a global currency is a direct violation of our constitution, article one, section eight. There are so many more reasons, but no, I am not at all in favor of it and would be willing to go to war over it.
2 people like this
@benny128 (3615)
•
23 Mar 09
no thanks lol,
not sure what country you are in as not checked lol,
but I'll stick to the pound, within us moving into europe was a mistake, if you move currencies into one some people will gain financially and some people will loose financially.
I agree will make trade across countries easier but we need our national identity plus can you imagine the arguement about which currency to use ????
The changing of currencies is pretty easy I do alot of business in the states and also in europe and to be honest currecnt changing is no big deal or going away on holidays again the currency is the fun part or just use your debit card it auto converts it.
So I personally dont see the need for one currency
just my 2 pence worth,
2 people like this
@angela_allen (406)
• United States
23 Mar 09
I agree Benny. I am from the US but I am living in Egypt and I have traveled to a few other countries as well. I have never had a problem with exchanging money. It is really easy to use a credit/debit like you said, it is automatic.
Lets say we decided to use the USD(just saying, because I am most familiar with it). In most 3rd world places the USD is worth a lot more than their currency. These countries would have to restructure the prices on everything! A candy-bar in Egypt cost 3 EGP, but if changed to USD it would cost .54cents?? What is that? I don't know any country that would be happy to change their whole currency system around.
I do have one tip, if you need to exchange money back do it before you leave! My mom kept about 100 EGP with her, if she exchanged it in Egypt it would have given her almost $20USD. She waited and exchanged in the JFK airport and only got $12 back...
1 person likes this
@peavey (16936)
• United States
23 Mar 09
No, I am not in favor of one world currency. The thought should make your blood run cold. One currency, one economy, one leader, one what? One disaster. Look at the economies worldwide right now. Some are not so bad; some are not good at all. The reason there are so many in trouble is because of this globalization mindset. One currency would make that 10 times worse. Why would we set ourselves up for a worldwide depression? Just so we can be lazy about exchanging currencies or learning the different values? No, thank you. I'll stretch a little.
1 person likes this
@nirvana2007 (205)
• United States
23 Mar 09
I think this would lead to an extreme economic disaster. The pricing structure worldwide would need to have a complete makeover. Countries with Hyper-inflation would have the rest suffer. It has so many cons and so little pros, I don't think a serious discussion will ever be had with the people that matter.
Perhaps a currencie for Europe (Euro) and one for Asia, America, etc. Might be able to be worked out without serious effects. I doubt it though
1 person likes this
@lilwonders456 (8214)
• United States
23 Mar 09
Nope. I am not in favor of this. NOt a good idea.
1 person likes this
@maximax8 (31046)
• United Kingdom
8 Apr 09
As a very keen traveler it would make traveling much easier if every country had a particular currency. Europe decided to have one currency but not every European currency joined in with that. Like my home country kept the pound sterling. When I was 18 years old I traveled around Europe and it was well confusing with some many different currencies. Last year I went to the Baltic Countries so I needed three different currencies. I am an experienced traveler and I have collected some foreign coins and notes for my collection. The differences are charming but it is no fun paying commission charges for currency exchange.
@Arkie69 (2156)
• United States
23 Mar 09
I would be in favor of it. I have found that to be one of the bigger problems of traveling from one country to another. Exchanging the money is the easy part. Learning the value of the money is the hard part. It would make good sense to me to have just one money world wide.
Art
@EliteUser (3964)
• Australia
27 Mar 09
Hello everyone,
Absolutely not, I am totally against this one world currency. Do you know how much more the world economies would go down? Man we could probably go through another great depression if we keep this up. This would totally destroy all of the countries in the world. Why does this world keep on trying to make it a better place, can't everyone see that whatever we 'think' is right, it actually isn't? Why can't we just keep this world the way it is, do we have to keep on improving things? I don't really think so! If this world could have gone all these years with different currencies, then why on earth would you want to risk everything and make one currency? Think of it, people in developing countries would realize that they would only be getting like a portion of what other people get, if we had one currency. I am against it, have a great day!
