Registered: Oct 2003
Location: The End of Elsewhere by Taras Grescoe
New province (not really)
Not really, but they are looking at using our currency.
Last edited by jester on Mar-02-2012 at 19:43
Mar-02-2012 19:01
Orko
Digital Hippie
Registered: Nov 2002
Location: Toronto, Ontario, Canada
Re: New province?
quote:
Originally posted by jester
Not really, but they are looking at using our currency.
After they completely fucked up their own? Hellz no!
Mar-02-2012 19:29
Yohan
Champion of Deep&Nu-disco
Registered: Jan 2004
Location: Kitchener, Ont, Soviet Canuckistan
Re: Re: New province?
quote:
Originally posted by Orko
After they completely fucked up their own? Hellz no!
Iceland is only looking to adopt Canadian dollar. It's nothing like Turks and Caicos situation (several countries have adopted US dollar as national currency like El Salvador, Equador)
Might be beneficial for Canada to exploit Iceland's resources.
But he will warn Icelanders that unilaterally adopting the loonie comes with significant risk, including complete loss of control over their monetary policy because the Bank of Canada makes decisions only for Canadians and the Canadian economy. He’ll caution, for example, that giving up the krona in favour of the Canadian dollar (CAD/USD-I1.01-0.003-0.32%) will leave the country with few levers, short of layoffs, to counter financial shocks and fluctuations in the loonie.
Mar-02-2012 20:13
Prometheus Xex
Still alive.
Registered: Nov 2006
Location: The known universe.
Re: Re: Re: New province?
quote:
Originally posted by Yohan
Iceland is only looking to adopt Canadian dollar. It's nothing like Turks and Caicos situation (several countries have adopted US dollar as national currency like El Salvador, Equador)
Might be beneficial for Canada to exploit Iceland's resources.