with the scale of globalisation today , it would be of unquestioned benefit to have a single world currency ? To what extent do you agree or disagree

Expect
Suggestion
Except
in
few cases
Suggestion
a few cases
,
Accept space
,
I largely agree with the notion that unified monetary
policy
would lead to inevitable benefit to the worldwide scale because it would balance trade costs and eliminate of
currency
exchange
fees. Universal
currency
will increase the trade between countries and reduce the
currency
risk from the global market.
For instance
,
Accept space
,
it
it is
it's
become easier for
individual
Suggestion
individuals
an individual
the individual
to trade without having to worry about
exchange
rates even it would benefit to
ordinary citizen
Suggestion
ordinary citizens
the ordinary citizen
who plan expend their business in abroad
.
Accept space
.
Thus
,
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,
through the help of common
currency
world economics will grow.
Further
elaborating
,
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,
Different
currencies create
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currencies, create
a lot of inconvenience and barriers because exchanging one
currency
to another always involve
currency
exchange
fees
.
Accept space
.
For example
,
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,
banks who provide
currency
exchanges charge high amount for
such
service
.
Accept space
.
By eliminating the
currency
exchange
rate the monetary union may save resources.
Although
, it
also stimulate
Suggestion
also stimulates
has also stimulated
is also stimulating
the
currency
risk
.
Accept space
.
Thus it
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Thus, it
represent
Suggestion
represents
the unity around the
global
Suggestion
globe
. Turning to disadvantage of
single
Suggestion
a single currency
currency
that the most negative side of
this
countries
Suggestion
country
will lose the ability to control their financial
policy
.
Accept space
.
Today every nation is determine their monetary
policy
in order to have an influence on the economy. To conclude, it can be said
that unified
Accept comma addition
that, unified
monetary
policy
has more benefit than
drawback
Suggestion
a drawback
drawbacks
.
Accept space
.
Submitted by Noor Singh on

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