Your English writing platform
Discover LudwigExact(7)
"There can be no successful currency system, and particularly a global system, if the financial instruments that are used are denominated in only one currency," Mr. Medvedev said.
There should be just one account per person for logging onto every site on the Internet, to combat the "Apple effect," the network monopoly, for the same reason that there's only one currency in a democracy.
While the U.S. and China take only one currency, one to three languages and around four payment methods (including mobile payments via the main nationwide carriers), in Europe for example, every country has its own language, its own four to five carriers, and outside the Euro-Zone, even its own currencies.
While the company justified their decision by saying that this type of shared loss is similar to what would happen if the company had to go through a bankruptcy liquidation, it's still pretty unprecedented for an established financial institution to share losses amongst customers, especially when only one "currency" was comprised.
"It's unclear how much Lawrence is getting paid for the gig — but in those parts, there's only one currency... singles," TMZ said on its Web site.
This effectively takes exchange rates out of the equation, since they are using only one currency.
Similar(52)
Before the existence of a common currency, the imbalance would typically have caused an exchange-rate adjustment that is, the peseta would have fallen in value, and Spain's cost of borrowing would have risen, and the Spanish economy would have cooled but because there was only one shared currency, the imbalance was continually exacerbated, rather than corrected.
Using only one type of currency limits the user's spend flexibility.
Keep in mind that money is only one form of currency.
Gold is only one of the currencies Bitreserve customers can use to store value.
It might have gone through a dodgy phase where either Will Young, Alex James or H from Steps were on the panel every week outlining their thoughts on the single currency (only one of those three is a joke) but Question Time is now stronger than ever.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com