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ONE WORLD CURRENCY._ Advantages and Disadvantages
Sometimes people think, why is there not a only single currency in the world? let's talk about its advantages And why all the Nation not adopted it till now? Advantages Transaction around the World become easier, transparent and predictable. Elimination of currency exchange fees. When we exchange our currency with other currency, bank charges fees for performing the service. Then obviously, when it is done on large scale the transaction amount fees is bigger. Due to global currency Volume of trade and transaction between the nation will be boost. Why all the nation not adopted it till now? There are lots of reason for this. Some of them are: Overlapping political interests between the nations. Not having common economic agenda. Every Nation print its currency according to their religious, cultural and geographical backgrounds by which people like their currency and feels patriotism. The currency of a nation is unique symbol for th...
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