IELTS Writing Task 2 Sample 939 - Trade and travel would.
The arguments are phrased in terms of joining the Euro, but could apply to any single currency area. Arguments for a single currency. Elimination of the costs of converting currencies - converting between currencies has a cost for individuals and firms. A single currency will remove these costs.Visit BBC News for up-to-the-minute news, breaking news, video, audio and feature stories. BBC News provides trusted World and UK news as well as local and regional perspectives. Also.Step back from the current crisis to consider the long view, and currency unions—or even a single global currency—have a fair share of appeal. A universal medium of exchange could eliminate currency risk and jack up trade. It would mean speculators couldn't short an individual country's currency.
Transaction cost:- The most essential advantage connected with changing to a single currency was the removal of the need to change currency. Savings are very large because of the elimination of the transaction cost connected to the exchanging currency, the taxes for countries that have most of the exports to the European counties only.This is the only book in print in the world about the single global currency, and is the only book in the world priced in 147 currencies. It describes the origins of the current worldwide foreign exchange system, and tells how to change it; and save the world - trillions. The multicurrency foreign exchange trading system was developed about 2,500 years ago to enable people of different.
In addition to the idea of a single world currency, some evidence suggests the world may evolve multiple global currencies that exchange on a singular market system. The rise of digital global currencies owned by privately held companies or groups such as Ven (19) suggest that multiple global currencies may offer wider formats for trade as they gain strength and wider acceptance.
