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?

The

economy

of any particular state or

country

depend on the

trade

and the

currency

rate

.Any state which has

low

Suggestion

a low economy

economy

can be referred as a backward state which has no

trade

of any goods.I totally agree with the single

currency which

Accept comma addition

currency, which

has to be implemented globally and can make travel and

trade

easier.

However they

Accept comma addition

However, they

are few advantages and disadvantages in

this

step. On one hand

,

Accept space

,

Infact

everytime

a person needs to travel to any

country he

Accept comma addition

country, he

has to

exchange

currency

and even if you are selling some good or services there has to be

exchange

rate

and it varies with

different price amount

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the different price amount, for

the different price amount for

for example

1 dollar is equal to 70

indian

a member of the race of people living in America when Europeans arrived

Indian

rupees and

also

1

kuwaiti

of or relating to the kingdom of Kuwait or its people

Kuwaiti

dinar is

eual

having the same quantity, value, or measure as another

equal

to 233

indian

a member of the race of people living in America when Europeans arrived

Indian

rupees so clearly observed that every

country

has a different

economy

rate

.Probably

this

is one of the reasons why

peope

(plural) any group of human beings (men or women or children) collectively

people

travel and settle

to

Suggestion

in

other countries where the dollar

rate

has a

low

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lower

value which reduces

thier

of them or themselves

their

tire

expenses.

However if

Accept comma addition

However, if

the same

currency

is followed globally

then

it would be easier for everyone to sell and buy goods and

also

no difficulties faced when travelling.The price of particular goods

also

will be same

for example

a bag costs 50

dollars whereas

Accept comma addition

dollars, whereas

in

indian

a member of the race of people living in America when Europeans arrived

Indian

rupees it costs 3000.The taxes would be

also

be the same as there is no need

of

Suggestion

to

exchange

in

currency

.

On the other hand

,

Accept space

,

there might be some disadvantages

such

as there won'

t

be any profits for any goods.The

rate

of production would have no value

for example

a

country

has insufficient spices produced and another

country

has higher vegetables produced.If there is the same

currency

over all the

trade

doesn'

t

negotiate and no profit is valued.

Then

the complete

economy

globally is difficult to calculate and

exchange

rate

falls down gradually.There won'

t

be any international exports or imports as the price

rate

doesn'

t

alternatively.These are the major drawbacks when

currency

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the currency

is followed

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has followed

is following

follows

the same around globally. In the conclusion

,

Accept space

,

i

refers to the speaker or writer

I

would say that it is not a

better

Suggestion

good

idea though it could benefit the travels and

trade

the standard

economy

will gradually decrease and there can'

t

be any difference between the most developed

country

with the least developed as the

rate

of

currency

remains same.