One of my regular duties at Traveler is to process money wires to vendors overseas. Depending on the contract agreed upon prior to the trip, we will usually pay for/reimburse expenses accrued, such as meals and a hotel, in addition to payment for services. Wiring money simplifies the payment task, as crossing borders (and often times changing currency) can get a little complicated.
|Luckily, the internet makes money conversion a lot easier|
While figuring out the conversion wasn't particularly difficult, I did find it a bit of a nuisance and couldn't help thinking how, after all the advances we've made with globalization, we do not have a universal currency. I suppose the USD serves as a somewhat unofficial one, seeing as it is largely accepted around world, but imagine if there was one specific monetary policy for all seven continents.
|15 Israeli shekels (~$4 USD)|
I remember specifically my trip to Israel in 2010; my first time out of the United States without my parents.
Me: Cama ze ole? (How much is this?)
Vendor: 80 shekels.
Me: Uhh, okay... here you go. *hands over foreign money listlessly*
Whether or not the idea of a universal currency will ever gain popularity and come to fruition, I do not doubt that many people will attempt to make it happen. If it does indeed become a reality, I wonder if we would be more prone to globally adopt an already existing currency, or create a new one entirely. Regardless, the United States will probably be the most difficult country to get on board... we have still yet to embrace the metric system, after all.