task 6

Portfolio task 6 

Nowadays, many people travel from one place to another. So, they need to change their currency to what the other country uses. People think that if we have a global currency it will be easier to trade money or travel. But I think it’s very difficult to make one currency for the world. So, now I am going to discuss both cases.

Firstly, there are some advantages of having the same currency. The first advantage is that if we have the same currency we can travel to another country without thinking if the other country is expensive. Another good point is that the business between different countries will be easier. For example, if the company wants to trade money it will be easy and fast. The final advantage is that you can buy items from other countries easily. For instance, if we buy from another country we don’t have to worry about the exchange rate and pricing.

Although there are some advantages there are also some disadvantages. The first disadvantage is the different economic states. For example, some countries have very strong economies so they will lose. Another point is that most countries will not accept the idea because they have a good economy. The last point is that I think the economy will be weak in all countries.

In conclusion, I think having a global currency is not a good idea because some countries have a high economy, and some don’t.