Canadian Dollars: The New Icelandic Currency? - The Reykjavik Grapevine

Canadian Dollars: The New Icelandic Currency?

Published March 2, 2012

The Canadian ambassador to Iceland has confirmed that his country’s central bank is ready to start talks with Iceland about adopting the Canadian dollar as the national currency.
The matter was first reported on last summer, when unnamed sources said Canadian officials were on their way to Iceland to seriously discuss the idea.
The idea saw a great deal of support from the Progressives, although few others seemed interested or took the matter very seriously. However, officials from the Central Bank of Canada did have informal talks with Icelandic officials earlier that year.
Now it appears as though the matter has moved out of the shadows of rumour and speculation, as Eyjan now reports that Canadian ambassador to Iceland Alan Bones has confirmed that the Central Bank of Canada is ready for formal talks with the Icelandic government over adopting the Canadian dollar as the new national currency. The ambassador will be a guest speaker at a meeting of Progressives at Grand Hotel this Saturday, on the behest of a group of Icelandic businesspeople who believe the Icelandic crown is too weak.
For his part, the ambassador said that Canada is ready to start talks, and that he looks at the matter in a positive light.

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