WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF HAVING SINGLE CURRENCY WORLDWIDE? WHAT ARE THE ADVANTAGES AND DISADVANTAGES.

In this contemporary era, each and every nations have their own numbers of bank notes and if it becomes one monetizing tool all over the world then this may be good for consequently countries and many countries get affected from this. In the following paragraphs I will discuss both pros and cons in detail To embark on, the most obvious benefit that we get from single money is that this decision make easy international travelling and business transaction. Humans easily move around the parts of world and explore new things with the ease and make business deals without any taxes that have been taken by the government. For an instance, person who wants to see all the exquisite land which he was unacquainted is able to move consequently he find easy to buy every things by standing on any point of the world. Moreover, this also leads to unexpected disaster for a number of countries especially the developed one, exchange rates become equal for all then no one grow and every one remains as consequently as today. The reason behind it is the is no gain during import and export as a result infrastructure, living cost and standards will not ameliorate and slowly it will leads to recession all over the area. To sum up, all the material which is present in the world have upside and downside this one is also a paper material. We have to think carefully before applying.