For 150 years, no country has expressed interest in adopting the Canadian dollar -- the poor cousin to the coveted greenback.
But now tiny Iceland, still reeling from the aftershocks of the devastating collapse of its banks in 2008, is looking longingly to the loonie as the salvation from wild economic gyrations and suffocating capital controls. And for the first time, the Canadian government says it’s open to discussing idea.
Friday, March 02, 2012
Iceland Considers Switching To Canadian Dollar
It could be that the days of the Krona are numbered in Iceland. Check out this article at The Globe And Mail.