Single currency
causes any problems?
People travel for vacation or for business. They
use exchange currency companies to change currency. Some people suggest if
there is a global currency it will make it easy; my opinion is yes it is a good
idea and it would help a lot in many ways. In this essay I will write why I agree
with this idea, how it is going to affect other countries and what are the bad
things that are going to affect people.
Currency is money but it is different from one
country to another; there are different prices, ratings and even shapes. The
first reason why I agree with this idea is the prices will be similar which
means it will not change from one country to another. In this time when people
travel they find big differences in price which can ruin some people’s plans.
Although there are some advantages there are also some disadvantages. The
first disadvantage is the different economic states. For example, some
countries have very strong economies so they will lose. Another disadvantage is
that most countries will not accept the idea because they have a good economy.
The last point is that I think the economy will be weak in all countries.
In conclusion, I think having a global currency is not a good idea
because some countries have a high economy, and some countries don’t have.