Do you think the world will ever see a common unifying currency?

Question

A currency that all persons worldwide would use on a daily basis.

Answer 1

only in my dreams

Answer 2

Having a single unifying currency would certainly plunge the world economy into downfall. Currencies are traded like any other commodity in the form of loans. With a single currency there would be nothing to trade and countries would lose millions.

Answer 3

Maybe -- but it'll be a while.
There is still too much economic disparity among the world's nations to have a single currency whose value would work in all countries. The Euro only works as long as most of the countries that use it have similar growth rates, production rates, and economic stability. If one of the Euro countries experiences an economic disaster, banking failure, runaway inflation, etc. then its value is meaningless and the whole system will collapse.

Until there's more economic parity in the world, a single currency would not work.

Answer 4

As long as the economy from country to country is different and there is so much difference in the values of those currencies, they will not be a unified. Really it is in the best interest of each seperate country to not unify. If unification becomes a reality, the rich countries will get richer, the poor countries will stay poorer.

Answer 5

It's not very likely as that would mean all countries of the world would have to have the same economic policies and that's never going to happen. That's exactly why the UK isn't part of the Euro and has kept the Pound and probably will never give up the Pound as that would give economic policy control to the French and Germans who control the EU. Not gonna happen!

Answer 6

Of course, someday. Eventually, the US or the EU or China, maybe Saudi Arabia, who knows, will gain a complete monopoly on power and force everyone to accept a common currency like Rome did. I hope I get to be dictator.

Answer 7

God purely understand how the £ has saved its fee against the Euro pondering the BoE has been turning them out like lavatory paper. The Euro is purely one reason that something of Europe does not take the united kingdom heavily and that i'm particular if there become a ecu vote on the united kingdom maximum folk would say 'enable them to take their monarch - their coinage - their louts' back to their island. we are able to do devoid of them. till there is finished dedication one way or the different this state of limbo will proceed. whether this is stable adequate for eire this is stable adequate for something of england!

Answer 8

Only if the Euro collapses then everyone will rush to the US dollar but England will always keep their currency.

Answer 9

I think that your idea is very clever although it is nearly immpossible to exchange all the currency in the world with this new currency

Answer 10

Dude with the glasses. I think they did a couplea centuries ago. I think they called it gold.

Well, if you are alluding to modern economics and the modern market. The answer is:

Its only a matter of time. And what the heck are these comments about the anti christ.???

Answer 11

I will consider it when I take over the world (j/k)

Probably not since you lose some autonomy when you do have as much control over your currency.