Should the world adopt a single global currency for all countries?

[MrShaun]

No changing currencies going from one country to another.

[postaldudePL123]

Honestly? It's just not practical not without completely wrecking economies in the process.

Sure, it sounds straightforward for countries like Germany or Australia. They're already developed, their economies are stable, they could probably adapt. But what about Ukraine? Brazil? Nigeria? Their economies would absolutely tank.

Here's why it matters: right now, having their own currency is basically a safety net. When their economy takes a hit, their currency drops in value relative to the dollar and weirdly, that actually helps them. It makes their exports cheaper on the global market, keeps them competitive, and protects jobs. It's not glamorous, but it works.

Strip that away by forcing everyone onto one global currency, and those developing nations lose the one tool they have to dig themselves out of trouble. And it gets worse what happens when a rich country is booming and a poor one is drowning at the same time? They'd need completely opposite economic policies, but they'd be stuck sharing the same monetary system.

We've literally watched this play out in real time. Look at what happened to Greece with the Euro. They were trapped using the same currency as economic powerhouses like Germany, and when things went south, they couldn't devalue their way out of their debt crisis. They just had to sit there and suffer through it.

And that's Europe a relatively integrated region. Now imagine scaling that up to the entire planet.

At the end of the day, the only way a single global currency could ever work is if there were one unified world government willing to redistribute wealth and bail out struggling regions whenever things go wrong. And let's be real that's not happening anytime soon.

So unless we're ready for that kind of radical global cooperation, jamming wildly different economies into a single currency is basically a recipe for total collapse.

[Telekinetic-Potato]

Good lord this guy gets it

[NaultD]

Inflation becomes a problem. The euro has a problem with Greece at one point. Do you bail out Greece at the detrimental Inflation of all the other countries and Greece can't print it's own currency to mortgage out of this problem. It's awkward to say the least.

Too many cooks in a single giant kitchen. Better to have multiple independent opportunities. Efficient compared to effective tools.

[FreyaRed]

Economically this would be great for rich nations with high GDP and industry output but disastrous for nation with low GDP. This is partially visible in Eurozone, even though industry output difference between Bulgaria and France isn't that high like between US and Chad.

[NoDecision]

I'm thinking there will be when the world is under a one world government in the end times. So don't wish for it so much as to hurry in those days.

[OlderAndWiser]

Only is you also believe in one world government. . . which I do not.

[AviatorTom]

No. That would require every country to have the same economic standards, social rules, and laws. That's not possible due to geographic and climate differences, as well as size and availability of natural resources. Every country is different. Yes, similar countries can get together for a common currency like the Euro, but that's a special case.

Besides, I collect currencies as a hobby. I have more than 200 separate currencies in my collection. Where would the fun be if there was only one currency?

[EzraIsShy76028]

In theory this sounds kind of nice for the sake of simplicity but in practice this would be a MASSIVE mess. All these different currencies are the cultures of the countries that they belong to and they are not willing to change or give it up. The US for example won't even leave the imperial measurement system despite the vast majority of the world using the metric measurement system and uses 12 hour time while the rest of the world uses 24 hour time. If we can't even do that then forget doing something for the whole world.

[MrChinaski]

Nope. Floating exchange rates cushion economies against macroeconomic shocks. If the value of the stuff you produce and export falls then you need to pay lower wages. People don't like being paid less and with a fixed exchange rate the only way to force them to accept lower wages is through periods of high unemployment. Or you can just let the exchange rate move to change the value of their wages automatically.

The inconvenience in travelling between countries has been largely resolved by card transactions anyway.

[ohsheeT]

This is why China Russia Arab Nations have all gone against America's currency because whoever has the currency like US dollar bill is the ones that Dominate and Lead and financial everything right now the US dollar is weak but it is still in every country Russia China other countries are trying to take this away from us but if it is a certain countries currency that we use than they rule the world and around that way

[FrodoSkywalker007]

@ohsheeT the dollar is overwhelmingly dominate in foreign trade and reserves. Not sure what you are talking about.

www.federalreserve.gov/.../...dition-20250718.html

www.ig.com/.../what-are-the-top-10-most-traded-currencies-in-the-world-200115

www.cfr.org/.../dollar-worlds-reserve-currency

[FrodoSkywalker007]

Wanting to do something and actually doing it are two different things.

[BadApple69]

No. Whose money would we adopt? Russia maybe? China? The U. S? That alone would start a war. Who gets to print that currency? Only the country’s who currency we adopt. Or maybe it’s a totally new currency and every country prints their own global dollars…. But how much can they print? Who controls how much each country is allowed to have?
Sorry…. More questions than answers.

[KostasKouvalis]

NO, but I like my idea of having REGIONAL currencies, like the EURO. For example, Central America should have one currency. The Caribbean should have one currency. East Asia should have one currency. North Africa should have one currency. etc, etc. That way if I want to country hop, I don't have to exchange currencies 4 times

[KostasKouvalis]

Do you think there should be a regional currency system? ↗

[Theoretical_Apulu]

My knowledge in economics says, ABSOLUTELY NOT! Doing this you either risk destroying the struggling countries or hold back the developing countries or create inflation in developed countries.

[DonaldDarko]

No we need the opposite of that. Globalism must be completely crushed. A Global fascist state is the very lasy thing people need. There will be no where to turn.

[Chazmatazz269]

It will never happen. Banks are never going to relinquish the fees and charges associated with exchanging currencies.

[strateguy632]

russia and china tried that but could not agree which will be global. each said "mine" lol.

[jamesgoldman]

No because you are talking about one world government to issue it

The only upside will be harsher law like Sharia where someone shoplifts then you can lop their arm off at the elbow

[NathanDavis]

a central bank?

they wouldn't survive the first dawn... lol

[browsingthroughthe]

@MrShaun Yes Shaun.
It seems in Futurama one day the world becomes more unified 🙃

[Capplica]

I think it might be BRICS at the rate Trump is going the US dollar will lose its power.

[Levin]

Don't give the Germans on this site ideas. They will masturbate themselves into a coma.

[sage2021]

I thought that they were going to do away with cash.🤷🏻‍♀️

[darkcloud1945]

Please do not do that; leave America out of this boondoggle. If there is a way, we are going to get screwed by the world that will try to destroy us.

[Xoirwinkan]

Currency is a cultural item, it would be a matter of force to make it happen. So no. My country said no to the Euro, wisely done.

[Hispanic-Cool-Guy]

No..

Ish countries don't have strong economic systems to compete at the same level of successful ones.

[Kelly6]

@MrShaun This is the main reason why there are wars going on.

[canamlusciouslad73]

Likely, but for obvious reasons it won't happen. Look at the Euro.

[Pterodon]

Absolutely not. I am not a globalist. I read the Bible.

[robocop666]

Nope the Euro is a failure and people dont like it. Do not do this.

[DryGermanGuy]

No, the EU currency is already at its limit.

[MrChinaski]

I think post 2008 Greece is a fair indication the euro area is too large.

[RachyRach]

Is the only benefit more convenience?

[exitseven]

They tried this in Europe and it is chaos.

[Dargil]

Absolutely not.

[Kassandra1994]

The implant chip is fantastic.

[AgentG111]

Absolutely Not!

[Talhacikk]

That would be better

[Agape93]

Nope

[fishbone77]

nope.

[ThisSiteSux]

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