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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?

#trade #travel #currency
With the use of
one
 global
currency
, there will be many benefits in travelling and cross-border business. I agree with the statement that trade and travel would be a lot easier with the use of
one
 global
currency
.
However
, there might be some problems. Let’s discuss the pros and cons. When thinking of
one
currency
, everyone points to the Euro. It is a common
currency
which
Correct pronoun usage
that
show examples
 is being used in multiple
countries
 of Europe. European citizens and other tourists travelling to Europe don’t have to carry multiple currencies. Only
one
currency
 works in
such
countries
 and people don’t bother about the exchange rates as well.
Similarly
, global deals of business and trade will be straight forward as
this
 will be without the fluctuation of forex rates. The conversion hassle and global acceptance of a
currency
 would be reduced and some monopoly in trading would be reduced.
Although
, the idea of global
currency
 is very appealing
but
Remove the conjunction
apply
show examples
there might be some issues in its implementation at the global level. There are more than 200
countries
 and each has its own
currency
. No two currencies have the same exchange rate. During
the
Correct article usage
apply
show examples
crossborder
Correct your spelling
cross-border
show examples
 deals, the forex difference plays a vital role. With the use of
one
 single
currency
,
countries
 having higher exchange rates with respect to
other
Correct pronoun usage
others
show examples
 will be at receiving end and have to bear the deficit. In the end, it is concluded that
one
 global
currency
 is beneficial for the general public. But there would be challenges in its implementation. Once the problems and issues are resolved, it would be a lot easier for the business community as well as for the travellers and tourists.
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    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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Essentional vocabulary list for IELTS Writing 7+

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Topic Vocabulary:
  • global currency
  • economic interdependence
  • financial autonomy
  • exchange rate
  • monetary policy
  • economic instability
  • international cooperation
  • economic disparity
  • global transactions
  • implementation challenges
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