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Old 03-05-2012, 06:58 AM   #1
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Iceland considering switch to Canadian dollar

Iceland considering switch to Canadian dollar | CTV News

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Old 03-05-2012, 07:01 AM   #2
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Iceland is nice and no ice
Greenland is not nice and has ice


with the naming

BTW, i hear Icelandic girls are hot!
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Old 03-05-2012, 07:03 AM   #3
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BTW, i hear Icelandic girls are hot!
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Old 03-05-2012, 07:10 AM   #4
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hope they dont plan on joining canada what with their burdens
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Old 03-05-2012, 07:14 AM   #5
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hope they dont plan on joining canada what with their burdens
with girls like that... I dont mind the burden!!!
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Old 03-05-2012, 07:17 AM   #6
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hope they dont plan on joining canada what with their burdens
I would trade Quebec for them any day
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Old 03-05-2012, 07:24 AM   #7
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I would trade Quebec for them any day
Quebec?? what is Quebec
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Old 03-05-2012, 08:04 AM   #8
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i hate it when ppl say hot girls come from this country.. dude theres always hot girls in EVERY country.
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Old 03-05-2012, 08:22 AM   #9
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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.
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Old 03-05-2012, 08:31 AM   #10
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Soon to be Canadian cuisine
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Old 03-05-2012, 08:45 AM   #11
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Quote:
Originally Posted by FerrariEnzo View Post
Iceland is nice and no ice
Greenland is not nice and has ice


with the naming

BTW, i hear Icelandic girls are hot!
lol hot chick from Mighty Ducks 2:

"Greenland is full of ice, Iceland is very nice"
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Old 03-05-2012, 08:57 AM   #12
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I can get behind this change
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Old 03-05-2012, 09:01 AM   #13
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iceland is a tiny little economy, i cant see the harm in them using our dollar.
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Old 03-05-2012, 09:33 AM   #14
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if you've tried it, it's actually pretty damn tasty
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Old 03-05-2012, 09:40 AM   #15
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if you've tried it, it's actually pretty damn tasty
Do you eat the brains?
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Old 03-05-2012, 10:24 AM   #16
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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.
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Old 03-05-2012, 10:26 AM   #17
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Do you eat the brains?
never had the head before.....always freaked me out
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Old 03-05-2012, 10:29 AM   #18
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I don't know the benefits for us but they only have about 300K pop so less than Surrey
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Old 03-05-2012, 10:32 AM   #19
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If anyone has watched Phelm 123 with Travolta, you know that Iceland is famous for ASS models.
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Old 03-05-2012, 10:42 AM   #20
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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.
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I don't know the benefits for us but they only have about 300K pop so less than Surrey

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.
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Old 03-05-2012, 10:47 AM   #21
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Good news. Now we just need to find some place warm in the Caribbean to do the same.
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Old 03-05-2012, 11:22 AM   #22
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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.
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Old 03-05-2012, 11:23 AM   #23
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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.
All great points that I didn't think of or read. Any risks?
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Old 03-05-2012, 11:28 AM   #24
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ditch the krona for the loonie.... and call it a kroney?
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Old 03-05-2012, 11:30 AM   #25
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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.
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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.
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