Portfolio task 6

There are many good things about a single global currency; also there are many bad things. Although there are positives, on the other hand I believe that it would cause problems today.

          First of all, there are some benefits of a single global currency that can be seen. Whenever you are travelling to other countries you may be using dollars; suppose that there was a single global currency, the problems of currency changing and exchange rates are history. Similarly business between countries using one currency is so much easier because you don’t worry about exchange rate risks the; same thing with the AED. Most countries do not use it, but it is accepted in many places. There are many countries that you can travel to and just take dollars with you to use. 

          However, most countries would not accept the idea. Also all countries are in different economic states. There are in astate of collapse with inflation ruining the economy. Such countries could not be brought into a world currency as it would cause massive financial instability worldwide.  

          Overall, as we can see, a global currency is a future idea but it will not happen. It would make trade and travel much easier but the problems it would cause nowadays would be impossible.