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Could The New World Currency Really Work?

May 16th 2009 12:05
Yeah, I heard this topic since I was a child and it’s not a fresh title anymore. What will happen, if the world decided to use the same currency and kick off the U.S. Dollar in one day?

Ok, it sounds like “Finding needle in a haystack”, but everything is possible, especially in this bizarre 21st century!

About a month ago, the Chinese leaders have argued and proposed for the creation of a global unified currency, better known as “World currency”. They have spoken out their mind that the Euro has demonstrated a good role in this aspect and encourage the entire nations should follow the step!




Well, it’s easier said than done, as it would be a very huge challenge to persuade all countries to abandon their recently currencies and change it to World currency. Plus, it requires an advanced commitment, negotiation and dedication to get this dream into reality…

It seems like this “big dream” still has a long winded journey to go, unless there’s some miracle suddenly happened and turn the situation around!
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Comment by Someone

May 16th 2009 17:25
Impossible, at least any time in the near future. Countries need the stabilizing influence that exchange rate fluctuations can bring, especially in these troubled times.

Look at the EU at the moment... i mean, some countries have been struggling to stay within the budget and inflation limits, but no one really cares that everyone is breaking them now... Try and expand that to every country in the world. Not within our lifetimes, I would say.

Comment by Wilson Pon

May 17th 2009 10:57
Honestly, I won't deny that some of the countries, especially those Eastern Europe Countries that joined EU years ago are tried their best to getting out from the inflation limits, Someone!

To me, the World currency seems to be a big fantasy. However, as I mentioned earlier, everything is possible in this 21st century...

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