2007-01-08 17:28:39 · 8 answers · asked by fcashyam 3 in Business & Finance ➔ Other - Business & Finance
Every nation has a different economical system. There is too much economic instability for us to all have the same currency. One day, a loaf of bread would cost $1.50, then the next $17.50. Now do you see?
2007-01-08 17:33:02 · answer #1 · answered by FRANKFUSS 6 · 0⤊ 0⤋
Oh God ! Don't you know,
Each country has an ancestral understanding with their ancestors that, their Currency will hold their Liability and Heads, that will blessed on the currency independent. Besides this oath may be fulfilled with honour and prestige and this never can be changed.
Conversion of Different European currencies in to Euro (Currency of European Union), buried thousands of precious Heads in the graveyard is an example.
2007-01-08 18:16:47 · answer #2 · answered by Ajubhai. 2 · 0⤊ 0⤋
it can't work, for numerous reasons.
1. different markets in the world have different values, for example, the us dollar is a strong currency, the indian rupee is not. why is that? theres a lot of poor people in india. if there was one glabal currency that never waivered in value, you'd be forcing a lot of people in poorer countries to starve or be homeless.
2. illegal currencies would spring up on thier own anyway.
3. theres too many strong currencies in the world right now. and they're only getting stronger. US Dollar, Euro, Pound Sterling are generally equal. also strong? chinese yuen, japanese yen, swiss franc, australian and canadian dollars.
2007-01-08 17:45:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
maybe cos it would cause ecnomies to go down...alot or even collapse there are many places where the goverment wont accept another currency or the people or the prvate busnesess. also in some places the infaltion rate may be very high and then are some places with very low inflation.
the effort and orginization of global currency is gonna be very very dont expect global currency until 2500-3000 maybe less but its not impossible
2007-01-08 17:39:26 · answer #4 · answered by FastFood 2 · 0⤊ 0⤋
This will be a great idea, and you should mention it when the planet earth begins free trade with other planets and galaxies... but i guess then you'd ask something like "why cant the whole galaxy have a common currency"
2007-01-08 18:36:47 · answer #5 · answered by all unknowing 2 · 0⤊ 0⤋
because that would be the downfall of global capitalism. the rich want to get richer.
2007-01-08 17:32:13 · answer #6 · answered by ELI 4 · 0⤊ 1⤋
y cant u ask some decent questions
2007-01-08 19:36:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋
if happens one market and one bank . it will ok
2007-01-08 17:58:43 · answer #8 · answered by keral 6 · 0⤊ 0⤋