Single currency ECU revolutionizes international trade, lowers transaction costs worldwide.
International money plays important roles in the economy, like being used for trade and investments. The currency needs to be stable and widely accepted to be useful globally. When a currency is used internationally, it can benefit the country that issues it, but also bring challenges like exchange rate control. The Euro has become more popular due to stable prices, open financial markets, and increased trade. This makes it a strong contender as an international currency.