Why can’t we have a universal currency?

594 views
0

Why can’t we have a universal currency?

In: Economics

We can. Just convince the US and the UK to accept the Euro.

Slightly more seriously – a single global currency would be a bad idea. As the EU has found out you get problems when a single member hits recession. The value of the currency falling is an important part of the recovery process as exports from that member look more profitable, creating jobs and boosting the economy.