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Marketplace All-in-One

What if there was only one currency in the whole world?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 28 May 2026

⏱️ 10 minutes

🧾️ Download transcript

Summary

We’ve talked a lot about how money works and why countries have their own currencies here on “Million Bazillion.” But listener Alessio wants to know: Why DOESN’T the whole world use the same money? And could the world’s nations all decide to just use one shared currency? In this bonus mini-episode, we’ll get some answers!

Transcript

Click on a timestamp to play from that location

0:00.0

And that's the story of how I completed my collection of dollar bills featuring birds from around the world.

0:07.4

Wow, I'm sure owl will be the first to tell you that sounds like an impeccable adventure.

0:14.5

Yeah, I know people like bird watching, but honestly, money featuring birds watching is a perfectly good hobby for those of us who are not really into sitting quietly in the woods.

0:23.2

You know what I mean?

0:23.8

Whenever you want to go out looking for bird money again, just let me know because two can play at that game.

0:31.5

Okay, we can stop with the bird puns.

0:33.5

You think I'm making bird puns?

0:36.1

That's cuckoo.

0:43.6

You're a real comedie, hen, Bridget. Please sparrow me, your mocking tone.

0:46.7

You know what? Let's take a listener question. Okay, I think we just got one.

0:58.2

Hi, my name is Alessio, and I'm nine years old. I'm from Italy. I have lived in three countries and I have visited dozens more.

1:02.5

Wow, man, this nine-year-old kid is better travel than me, a 39-year-old man.

1:10.4

Ciao, Alessio. It was kind of hard for me to understand if things were pricey or not. Whenever I went to another country because their currencies

1:14.0

were different. Yep. Okay, that's very good observation. My question is, why doesn't the world

1:20.1

have the same currency? And is it even possible? Wow, great question. We all know countries

1:27.2

have their own currencies, but we've never

1:29.4

stopped to think, what if they didn't? Yeah, I like how you're thinking here. What a great

1:34.3

thought experiment. Luckily, there are smart people who can help us imagine what that world would

1:39.8

be like. Like Hannah Gabriel, she teaches economics at Sacramento State University, and her specialty

1:45.9

is international trade, which means understanding how countries buy and sell from each other.

1:50.9

Hi, Hannah. Hi, Bridget and Ryan. So first question, for people who don't know the answer,

1:55.3

unlike me, I know the answer, but why do all these countries have their own currencies?

...

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