Iceland considering switch to Canadian dollar
 

Iceland considering switch to Canadian dollar | CTV News

We're taking over

Iceland is nice and no ice
Greenland is not nice and has ice


:rukidding: with the naming

BTW, i hear Icelandic girls are hot!

hope they dont plan on joining canada what with their burdens ;)

with girls like that... I dont mind the burden!!!:fuckyea:

I would trade Quebec for them any day :fuckyea:

Quebec?? what is Quebec :whistle:

i hate it when ppl say hot girls come from this country.. dude theres always hot girls in EVERY country.

It's funny, I was telling someone about this months ago and they didn't believe me that Iceland (or any country) would consider our dollar.

Soon to be Canadian cuisine
http://upload.wikimedia.org/wikipedi...horramatur.jpg

lol hot chick from Mighty Ducks 2:

"Greenland is full of ice, Iceland is very nice"

I can get behind this change

iceland is a tiny little economy, i cant see the harm in them using our dollar.

if you've tried it, it's actually pretty damn tasty

Do you eat the brains?

I don't know much about international monetary policy.Is there a risk of further ongoing problems with their economy causing problems in terms of becoming canada's problems?

As far as I can imagine, they would pick a date where their currency(the krona?) becomes pegged in value to the canadian dollar, the population exchanges their krona for the cdn dollar and life carries on. The krona ceases to exist.

I see a bunch of upsides for iceland in that, minus losing a pretty big part of their sovereignty in terms of national monetary policy. They get to have a stable currency in operation taking some pressure off their problems.

The part that I don't quite get is what benefits there are for us? Obviously good to have more of your money in circulation, but I can't see how we'd be immune to their economy going from "shit" to "worse than shit" which is a definite possibility. They'd now be doing that in our money instead of theirs.

never had the head before.....always freaked me out :pokerface:

I don't know the benefits for us but they only have about 300K pop so less than Surrey

If anyone has watched Phelm 123 with Travolta, you know that Iceland is famous for ASS models.

Pure economic benefit.

Bank - Big 5 canadian banks now have more ppl to serve

Exports/Imports - Iceland is known for aluminum and fish industries. Canadian biz could soon have access to quality seafood without exchange risk

Reserves - Iceland + Canada control well over 50% of the arctic and the oil that is there. HUGE potential for O&G companies in AB.

Good news. Now we just need to find some place warm in the Caribbean to do the same.

we tried.

Turks and Caicos Islands - Wikipedia, the free encyclopedia

TL;DR-there have been several attempts to admit them as either a province or territory. It never really got off the ground.

Really, it would open up more problems than it would solve. Same reason Peurto Rico joining the US as a full state runs into problems.

All great points that I didn't think of or read. Any risks?

ditch the krona for the loonie.... and call it a kroney?

After the hard fought battle that iceland fought to kick the bankers out of their system, I find it impossible to believe they would so blindly sign onto another fiat currency.