task 6

Portfolio task 6

            Nowadays, people use many currencies from all countries. When people travel they must use another currency. In this essay I am going to write about the advantages and disadvantages of using global currency.

            First of all, there are many advantages of using a global currency. The first advantage is that when you travel to another country you don’t have to care about the economy of that country. You will not pay for changing currency because in these days it is too expensive. If the currency became global the trading will be easy and the commercial fraud will be less. It will be easier to go shopping from the internet without caring about conversion charge.

               Although there are several advantages, there are some disadvantages. The first on is that the economies of all countries will be connected to each other so if the economy fell in any country that will affect other countries. The second disadvantage is that commodity prices will be changed in all countries and this will affect the currency and it will be weak value.

            All in all, a global currency has some advantages and two disadvantages but the advantages are more than the disadvantages. In my opinion I think the global currency is better because it will improve the relations between countries.