Trade and travel would be a lot easier with a single, global currency that we all use. Do you agree or disagree with this statement? Would a single currency cause any problems?
Trade and travel would be a lot easier with a single, global currency that we all use. Would a single currency cause any problems? ygp3M
Nowadays, there are a lot of argumentsin favour of creating a single currency worldwide to make a monetary transaction easier and simpler. According to my point of view, this can help to achieve economical equality. I strongly agree with this statement. To begin, for international travelling and trading, money exchange is quite a troublesome procedure in view of the fact that someone frequently needs to spend a lot of time and quite a good amount of extra cash as an interest. To elaborate in this age of globalization and internet, worldwide business and voyaging is quite eminent, so everyone has to convert their local cash to that nation currency in which they are willing to travel or set up a their work. To give an example, recent survey conducted in Canada, 50% of pupils come to Canada and exchange their Indian rupees in Canadian dollar.
Moving on to the next point, by making a single currency throughout the world, economic stabilization can be achieved and can help to boost every countries economy. For instance, if the cash between the nations A and B is same, then they try to decrease economic gap between them by improving business and industrial structures. Furthermore, it can support small company owners to export their goods without any extra charges for cash conversion.
In conclusion, single curency can help to enhance the international trading and travelling by reducing this cost. I would suggest that government of all countries should consider this aand make gravity to this reality.
Nowadays, there are
a lot of
argumentsin
favour
of creating a single currency worldwide to
make
a monetary transaction easier and simpler. According to my point of view, this can
help
to achieve economical equality. I
strongly
agree
with this statement. To
begin
, for international travelling and trading, money exchange is quite a troublesome procedure in view of the fact that someone
frequently
needs to spend
a lot of
time and quite a
good
amount of extra
cash
as an interest. To elaborate in this age of globalization and internet, worldwide business and voyaging is quite eminent,
so
everyone
has to
convert their local
cash
to that nation currency in which they are willing to travel or set up
a their work
.
To
give an example, recent survey conducted in Canada, 50% of pupils
come
to Canada and exchange their Indian rupees in Canadian dollar.
Moving on to the
next
point, by making a single currency throughout the world, economic stabilization can
be achieved
and can
help
to boost every
countries
economy.
For instance
, if the
cash
between the nations A and B is same, then they try to decrease economic gap between them by improving business and industrial structures.
Furthermore
, it can support
small
company
owners to export their
goods
without any extra charges for
cash
conversion.
In conclusion
, single
curency
can
help
to enhance the international trading and travelling by reducing this cost. I would suggest that
government
of all countries should consider this
aand
make
gravity to this reality.
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