What If We All Used One Currency?

Arav Sri Agarwal
Sep 5, 2018 · 1 min read

Well I can’t help but dive right it, it would be absolutely catastrophic. Of course some people may say well no exchange rates non-sense more equality in terms of salary then you’ll hear people say “Hey! purchasing power parity dude” while they really don’t even know what they’re saying.

It would cause so many more problems than it would solve. It is hard for multiple countries, in this case 195, to sustain a unified economy. In simpler words, the whole global economy could collapse, if one country had economic instability, or worse crisis, everybody utilizing that currency would have to deal with problems. Some may say that the EU is doing pretty well with independent countries but a unified economy, but it too had serious economic problems. A brief example is when all of Europe had economic problems just because of Greece.

This is because all countries have different economic and political systems. Different countries have different monetary policies.

These are just a few points I’m putting out there, of course this is a very debatable topic.