Results 1 to 3 of 3

Thread: Iceland to adopt Canadian dollar?

  1. #1
    Contributing Sr. Mod Silver Stallion's Avatar
    Join Date
    Nov 2009
    Location
    Canada
    Posts
    9,141
    Rep Power
    40

    Default Iceland to adopt Canadian dollar?

    These past few years have been tough on Iceland, with the tiny, windswept country virtually going bankrupt in the financial crisis and having to take a bailout from the International Monetary Fund.
    It’s been hit by soaring unemployment, business failures and massive currency volatility. And now it’s had enough.
    The Canadian ambassador to Iceland, Alan Bones, was reportedly set to announce that the Bank of Canada is ready to begin talks about Iceland adopting the loonie as the new national currency instead of the krona.
    The hope is that by moving to a larger, more stable currency, Iceland’s economy would enjoy some of the benefits, including better footing for international trade.
    According to Reykjavik media, Mr. Bones was to deliver his message in a speech on Saturday at an event sponsored one of the country’s leading political parties. The Toronto Star later reported a denial from The Department of Foreign affairs, stating Mr. Bones will “not be participating in the Icelandic conference tomorrow on currency matters, and will not be speaking on the issue.”
    With a population of 320,000, roughly the size of Windsor, Ont., Iceland has frequently fallen victim to sharp fluctuations in the value of the krona, with the currency nearly doubling in value between 2000 and 2008, and then collapsing after the failure of several of the country’s leading banks as a result of wrong-way bets on toxic assets.
    Canada reportedly warms to Icelandic loonie | Investing | Financial Post
















  2. #2
    Rødt hvitt og blått Linda's Avatar
    Join Date
    Jan 2010
    Location
    North Dakota
    Posts
    9,664
    Blog Entries
    56
    Rep Power
    10

    Default Re: Iceland to adopt Canadian dollar?

    *We will win this thing, you know.*

    Please consider donating to White News Now today ---> Click Here

  3. #3
    Voice for Our White People negative3's Avatar
    Join Date
    Apr 2010
    Location
    Canada
    Age
    34
    Posts
    660
    Rep Power
    16

    Default Re: Iceland to adopt Canadian dollar?

    Before going along with this Canada should seriously discuss the economic implications. How would this influence foreign investment? Imports/exports? Outsourcing? Immigration? I'm guessing any discussion, however, will be behind closed doors, as with talks about "deep integration" with the USA.

Similar Threads

  1. Replies: 0
    Last Post: 01-17-2012, 01:41 AM
  2. Why Iceland is not in the news--but it should be (Iceland next to liberated?)
    By JohnRossTaylor in forum American News For White America
    Replies: 6
    Last Post: 11-23-2011, 09:05 AM
  3. Russians Adopt U.S. Tactics in Opposing Abortion
    By Charles Martel in forum Continental European News
    Replies: 0
    Last Post: 06-28-2011, 12:54 AM
  4. B.C. man fights to adopt dog he argues is reincarnation of old pet
    By Silver Stallion in forum Canadian White News
    Replies: 0
    Last Post: 03-31-2011, 10:11 PM
  5. UN 'to adopt' fourth round of Iran nuclear sanctions
    By MDK in forum International News
    Replies: 0
    Last Post: 06-07-2010, 10:15 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •