Friday 18 March 2011

A Global Currency?




Out of the economic plight (read 2009) China proposed that there should be a single global currency, which
Geithner in 2009 remarked that the US is 'open' for ideas about a world currency. This would involve replacing  the US dollar based system by increasing IMF's special drawing rights

Brazil, India and Russia seem warm to the arrangement. But do you?


What are your views on a global currency?




Regards, Sam

35 comments:

  1. It will happen sooner then later. and when it does the sh*t is going to hit the fan.

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  2. Would be easier for everyone... Though not sure hard question to answer! Thanks for sharing!¬

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  3. OMG this would be so good!
    All the different one on earth are so unnececary.
    I wish it would happen, and i think it will.
    *Thank you china for the great idea*

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  4. I will never let to change PLN for Euro in my country :)

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  5. I would love that! great idea

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  6. Who's going to regulate this new currency?

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  7. @Jett
    The united states will of course! ;)
    lol no, probably like UN. A group regulation or something.

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  8. Jett, I think the IMF would be the ones regulating to some degree.

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  9. It would obviously settle the money issue when it comes to traveling, but who knows what kind of other issues could arise if there is a global currency.

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  10. reminds me of the song imagine. haha.

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  11. An amazing thought. It's staple of many science fiction worlds. Might as well extend the Euro and rename it.

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  12. € would be the choice, thats obvious.

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  13. I think it would be a good idea, give everyone equal opportunities to not be poor

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  14. I think a global currency would be great for consumers and frequent travelers; no cash exchange fees.

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  15. I honestly don't know too much about global currency and economics to post my opinions here, but I will look into it some.

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  16. Realistically, this will never work.

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  17. I think it's an inevitability. Not educated enough to weigh the pros and cons, really.

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  18. I don't think it can happen... Each country is on their own financial accord, and develops at their own pace. Having different currencies is a necessary because it gives the power of monetary policy.

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  19. i just dont think it would ever happen or work

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  20. I have no idea how that would work. I guess I wouldn't mind it though.

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  21. how would inflation work?

    nice blog btw, following. :)

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  22. it would be easier, but i wouldn't prefer it rather keep the sterlin

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  23. tough decision. It has its ups and downs but I think the cons are more important

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  24. well,i dont mind as long as big brother doesnt control it all ;)

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  25. I don't know, might be a hard thing to do

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  26. That doesn't make sense because if a country's currency is worth less, than other countries bring their business their in order to save money. And that helps stimulate the smaller country's economy.

    Wasn't the euro a huge problem when Greece collapsed?

    Cool blog.

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  27. Good idea so long as it can be globally implemented without any rejection

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  28. Honestly though, i dont think this is a good idea. :P

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  29. I would say no to a global currency. The euro didn't bring anything good with it, and that was just some of the country's in Europe.

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  30. Nice blog, check mine out.

    1+ Follower

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  31. global currency would kill the industry

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