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?

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Nowadays, if a person wants to
travel
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to other
countries
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, he or she must
change
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his or her
money
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to a global
currency
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such
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as the Dollar or Euro.
Therefore
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,
trade
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and
travel
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by a single
currency
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would be easier than past. Some people think that using a single global
currency
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or single
money
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's unit is more comfortable but others thought
that is
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not necessary for all
countries
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. In the forthcoming paragraphs, I shall explain my thought in detail.
To begin
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with, all the governments from different
countries
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have made various policies and regulations for their
trade
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and they had approved that if they want to have a
trade
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with each other, they should use a single global
currency
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. I definitely agree with
this
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work because if all
countries
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want to have
trade
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by their stuff or goods, they have to
change
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their common
currency
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to the final
currency
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in those trades.
Therefore
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, it is very difficult for traders and travellers to do that. So, in my opinion, it is easy to have a single
currency
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and if somebody wants to
travel
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to a country,
finally
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he or she can
change
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that to a common
currency
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in that country.
For example
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, a couple of years ago, my family and I had been travelling to Malaysia, and we changed our
money
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to the dollar and when we arrived in Malaysia, my father go to the exchange centre and
change
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that
money
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to Ringette.
In addition
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, another compelling reason to support my view is that when we use a single
currency
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, we will decrease the risk of any
problems
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during our trades or travels which are related to the common
currency
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of those
countries
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.
For instance
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, if a person came from Iran and wants to
travel
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to European
countries
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, he or she has some
problems
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that are related to sanctions, so their governments will not accept his or her
money
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.
Eventually
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,Eventually
show examples
some
problems
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will be shown during his travelling.
However
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, I suppose all the currencies should be changed easily in all
countries
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, but there are some routine
problems
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in our world about using global
currency
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. In conclusion, United Nations World Bank should establish new rules and regulations to support people who are living in
third
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world
countries
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that have some financial issues
such
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as the value of their national
currency
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is low.
Submitted by shayan.rahimi92 on

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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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