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?

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

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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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