tvossler
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The world doesn't have just one currency because the world isn't composed of one country. Different countries maintain their own standards and denominations of currency. The reason for different countries having different currency is mainly historical. Most countries were formed when they were at war with or even just separated geographically, politically and culturally by other countries. That is not to say they still aren't, but in the technological age we live in, we see countries set up programs like the EU to standardize currency in many countries. |
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Gangstar
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this is beacuase not all the countries have enough money or the same amount. that is why |
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toddler
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because whoever controlled the currency would have great power, many nations like to control their financial destiny |
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elaeblue
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Each country has different money because the money is based on the wealth of the country. In the US we have lots of money because we are a rich country and have lots of gold stashed to cover the paper money we make. Other countries their money not worth as much due to lower amounts of oil or gold to back their paper money with. |
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Marky
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What, and be tied to economies like Zimbabwe that has 100,000% inflation?
The cost of bread triples there every day. |
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tongue in cheek
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if you could live long enough youd live to see the day when the world does have 1 currency - look how many currencies merged into 1 in europe
but we'll be dead by then |
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O0oSorousho0O
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Because different areas of the world are richer or poorer than the other. It would cause an inflation if that were to happen and communism wouldn't even be able to save the economy (to keep one currency). |
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Computer Guy
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The dollar at one time was the international currency standard. However, when Nixon took the dollar off the "gold standard", it has devalued at an alarming rate. Many say gold is the only currency that is safe and in many ways that is correct. It is the only thing that is universally accepted without question.
Recently, we have seen the Euro grow in value and popularity versus the dollar. However, it has the same flaw as the dollar. It is not tied to a "gold standard". The first currency that is absolutely tied to a gold standard will become the "international" currency... otherwise it is still GOLD! |
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raysor
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Because all countries are different, they don't speak the same language, do they? They have different growth rates, inflation, social requirements etc. The Europeans have a common currency in the Euro although UK has not participated. |
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Shail Mehta
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because
1. every country wants its financial freedom
2. had it been 1 currency it would have led to problem of supremacy of strong countries.
Also the currencies follow purchasing power parity which equlises all the currencies by adjusting price of cross currencies with prices of some essential commodities as base. |
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bambam
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What next, world peace? |
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rabbyt
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Because they are different countries, languages, and so on.
Which language would they be in? Would it be egotistical to say English? Okay now what color would they be? And what size? AND what denominations?
And remember the rate exchanges between countries can cause a problem too. $20 in the US might be a LOT of money in other country... |
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claudy_kay
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It's predicted in Revelations, the last book of the Bible and it's not a pretty story. |
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Sgt. BalabaDabaDingDong
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because it would cause the world to inflate and crash!!!!! |
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SarahLou
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because it would explode |
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Kelly
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Power is the worlds only currency.
Money means nothing without power....
Yea i just made that up cause its a silly question. |
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retmil
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Different economies - different cultures! Why do you think England will never adopt the EURO? National pride, for one thing! Why doesn't the World have just one language? Why aren't all people just one colour? Why aren't all people just one sex? How boring! Of course if you're saying all countries should adopt the US Dollar and all speak American English (and I don't mean "street" or other trash) than that suits me just fine. The Euro brings German vast political clout and economic control over it European neighbors - |
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D.W
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Well currently some currencies are stronger then others so just merging would not be in the best interest of those countries. I think we will see a day of a one world currencies but it certainly no time soon! |
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Citizen Know Nothing
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maybe one day when the world has one government we will
each country wants it's own currency in order to use monetary policy to take command of their political economies
do you understand
currencies are tools of governments
to help them rule over their domains |
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brittxok1
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I think it has to do with the economies of the different countries. It may head that direction some day... |
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Daniel Mode
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Because, American money is hideos and green, too serious, Paper.
And australian money is all pink, blue, green, yellow pretty shiny transparant plastic.
So. American money and Australian money have completely different personality traits. and Would kill each other if they were in the same room. |
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Ron S
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It seems hard enough to agree a single currency for Europe
Let alone the world.
Would be nice though, also perhaps one language too! |
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KrazyMuddles
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because that would be too easy! lol |
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Hannah
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because when currency began and people began to trade and exchange things, they didn't know that they were other parts of the world inhabited with people. |
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HanHan
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because everyones fools
Lolm nah I guess just because of originally the own wealth of the country.
And as in wealth in comparison to other countries, like the value of the currency varies so if there was only one it wouldn't reflect how well a country is doing. |
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insane_mad_maniak
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which should it be? the DOLLAR?? lol (because you know the americans will moan so much that we all will end up with it! so count yourself lucky you can tell what you got by the size of the note. lol) |
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Suberov
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Because too many minds run around the world and there is no real definate answer to your question soooo Im gonna say DIVERSITY
take care |
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Buzzard
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We're not ready yet- we may never be ready. There's no single world government, or even an organisation that effectively unites all countries in the world; also, there is too much disparity between how advanced different economic zones are. It took years to get the European economies on a similar level to each other to establish the Euro zone, now imagine how long it will take to get the Congo up to the same speed as Japan or the USA. If a single world currency was put into place before everything was on a par, it would just fail, and do a lot of damage in the process- getting a single interest rate to satisfy every country would be a black nightmare, as would controlling liquidity so all regions had just the right amount of cash.
A good example is the unification of East and West Germany; when this happened, it was found that the former East was so advanced, the money of the former West was worth nothing. In the years that followed, resources were constantly sapped from the advanced parts to try to bring the old communist parts up to speed. The challenge to a single world currency would be even greater, hardly pulling up the smaller economies at all, but crippling the stronger ones. Getting everyone to the same level of wealth would take hundreds of years... in the meantime, things are probably best as they are, just push things forward slowly- if two places want the same currency, let them try, but if it's not right, don't force it... |
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Megg
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Seems to me that it would just make things too easy...
I'm sure there are some good reasons for this. I just don't know them. |
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Autumn Storm
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Because I think that, that would cause to much chaos to have the same currency all over the world!! Countries would be loosing money, and could not be able to track it down, if all of the currency was the same!! Countries are different and they should be able to print their own kind of currency!! Very Good Question chicky!! |
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kenpoturtle
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because the exchange booths at the airports would be very sad |
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