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Should each nation use its own currency or adopt an international currency?

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Nation
69% 174 votes Total: 251 votes
Int'l
31% 77 votes

Int'l

2 of 2

by Roslyn Moran

Created on: February 20, 2009

Adopting an International currency would benefit the stalled economy now a days. We have to modernize our system of exchange by eliminating it all together. The new 'Mega Mint' would replace all other currencies like a token.

All goods and services would adopt this new form of currency. The dollar would be replaced by tokens. The new value of something would be summed up in token amounts. The more value the more tokens.

Other Nations would follow suit to make purchasing easier than using an exchange service for the importing and exporting of goods and services. It is viable to simplify purchases. Every one would know the value of the tokens. They would compare next to the dollar and increase and decrease in value according to their worth.

It is too complicated to deal with all types of currencies and their current purchasing value. The dollar can strengthen or weaken just like a token currency. It would be part of a Mega Mint or International Organization run like a credit union. It would be easier to regulate.

International Law would be behind the regulation for fair trading. Adopting this currency would need all participation of all countries alike. Participating in the Global Banking Community would be excellent for the Chamber of Commerce on an International level.

This International Level will be all the difference with the new Mega Mint. That is what makes them viable for easier and freer trading.

When each country has its own currency it is harder for import sing and exporting of goods and services. There are many variations of currency out there now. It is hard to value purchases between different currencies.

Each Nation using its own currency is the old way of thinking in modern times. Our World is globally connected and why shouldn't our exchange rates be unified.

The New World is a unified one. International Law should be displayed more and more in our time. With each passing year we become more reliant on each other. Self reliance is a thing of the past and now we have to modernize our Banking Community World Wide with a Mega Mint.

Old currencies would become like an old buried treasure. A thing of the past. Keep your money now as souvenirs to show your children and grandchildren. All we are today are coin collectors.

Using a token system of value would have more viability with ease of use. Each valued purchase would be counted in tokens. But which currency to mimic would be a challenge. Does the dollar stand out more than the yen? But, that is another debate. Whatever currency the token mimics would be a unified one. Or maybe the new currency hasn't been thought of yet.

Learn more about this author, Roslyn Moran.
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