The Potential UNWANTED EFFECTS of Adopting the One Global CurrencyThe Potential UNWANTED EFFECTS of Adopting the One Global Currency

The Potential UNWANTED EFFECTS of Adopting the Solitary Global Currency

The world is definitely on the verge of a fresh stage of development because new technologies appear quickly. Persons will soon have the ability to switch to the alternative way to obtain strength. Gas, oil, coal and various other natural resources changes to new resilient quality batteries or generators. It'll be a significant step not merely in daily human life but also in economical, political and monetary spheres. Some persons consider that the community currency can help prevent the future financial meltdown and it has rewards for the economy, globalization and the unification of the community. Today, there is extreme competition between countries plus they are not willing to create and maintain an individual currency. Adoption of the one global currency can undermine nationwide sovereignty and independence of the countries. Accordingly, the difference between countries and economic inequality will grow.

If the says of the world made a decision to adopt the solo currency, they should accept a fresh cohesive monetary policy. In addition they should determine the Globe Central Bank which will identify the interest for all countries. In line with the “Monetary Policy Framework”,

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