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World Currency

Many economists are predicting that soon all of the currencies will unite as a single World Currency. Well somehow it is really true because with the online banking and online money transfer services like ACE Money Transfer is trying to make any single currency as their default currency for trading and transferring of cash. Well, there are several problems with this issue, as first of all, you will be going to need to make all nations to accept this thing.

The disagreement of World Currency

With a world of 2 or 3 nations, it would be a lot easier for everyone to get all of them to accept any currency as a world currency. But with a world of 192 countries and with every country having their own currencies it is hard for all of them to let go their currency and accept others. There is no doubt that every country just wishes for their currency to be the world currency, as for the one who has their currency as the world currency would have more control than any other country in the world.

Benefits

But as far as last time we check there is no one who wants to give up their control for any other nation. But just in case if everyone accepts a world currency then there will be less danger for that one to collapse, because now every single country will be investing in it, and soon it will become a symbol of trading. Currently, the dollar is being used as the major currency for trading throughout the world, and there are more chances for the US dollar to be the world currency after having such a strong history in the world. And of course there is no doubt after having a world currency, international trade will be able
to bring several nations a lot closer.

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