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Could The Whole World Use Just One Currency?

Economics Explained
Economics Explained
Episode • Jul 18, 2020 • 19m

Our world is home to over 190 countries using 180 currencies to trade, invest, and collect taxes. The global economy is complex at the best of times and the foreign exchange, or forex market only looks to add an additional layer of confusion and complexity. So this begs the question could the world adopt a single universal currency?

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