discuss What are the pros and cons of implementing a global currency?

[ActionAce]

To enhance global financial operations, the trade and global economy would experience a drastic change through the introduction of a global currency. Though it comes with advantage and disadvantage. But I believe that it will reduce exchange rate risks and even the trading costs to the minimum. What do you think?

 

[1stop]

I believe in having an international currency, it is a very perfect choice. It would promote business exchanges, investments as well as travel. It will enerally help in making the world a better place. With such in place, the business entities could be in a position to improve their operations while individuals could embark on travels to other countries without straining much on matters concerning exchange rates of the two currencies.

 

[Reelz]

I have a different opinion to this because I know that it would be worse to establish a global currency. They would centralize the wealth in a few international organizations thereby it will eradicate financial freedom. In addition, the use of one currency would not have a direct impact on the economic situation of various countries.

 

[Yama]

How can a country where per capita income is $1000 and a country where it is $100,000 have the same currency? It is technically not possible