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Is the Euro Taking Over? What You Should Know About the Future of Money

May 27, 2025

Exercise 1

Vocabulary

Direction:  Listen and repeat after your tutor

Reserve currency

/rɪˈzɜːv ˈkɜːrənsi/

A foreign currency that is held in large amounts by governments and used in international trade.

    Countries want to invest in a currency that offers long-term stability.

Stability

/stəˈbɪləti/

The condition of being steady and not changing suddenly.

    Countries want to invest in a currency that offers long-term stability.

Influence

/ˈɪnfluəns/

The power to affect or control something.

    The dollar has a lot of influence in global trade markets.

Compete

/kəmˈpiːt/

To try to be more successful than someone or something else.

    The euro is starting to compete with the dollar in global finance.

Exercise 2

News Article

Direction:  Read the pulse aloud or with your teacher. 

00:00 / 01:09
Is the Euro Taking Over? What You Should Know About the Future of Money

Many people wonder if the euro could one day replace the US dollar as the world’s main reserve currency. The dollar has long held this position, but things may be changing. Some experts believe that the euro is getting stronger and more trusted by other countries. 


This is because of its stability and the economic strength of the European Union. One reason countries choose a reserve currency is because they want something safe. Right now, the dollar is still the most popular, but the euro is starting to compete.


 It is being used more often in trade and in banks around the world. If this continues, the euro could become more powerful. The shift isn’t happening overnight, but global influence is always changing. 


Political issues in the US and economic growth in Europe may also play a role. In the future, we might see a world where both the dollar and euro are equally important. Understanding these changes is useful, especially for people in business or those who want to invest. The future of money is something everyone should keep an eye on.

Exercise 3

Discussion 

Share your opinions with your tutor


    1. What do you know about the euro and the US dollar?


    2. Why do you think the US dollar is currently the most powerful currency?


    3. What makes a currency strong or weak in your opinion?


    4. Do you think the euro can replace the dollar in the future? Why or why not?


    5. How does a country benefit from having a global reserve currency?


    6. Would you feel more confident saving money in euros or dollars? Explain.


    7. What role does stability play in a country’s economy?


    8. Should there be one global currency in the future? Why or why not?

Source: 

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