Iceland to Adopt Canadian Dollars as Currency?

Started by Jacob, March 02, 2012, 07:06:21 PM

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Martinus

#15
March 03, 2012, 05:46:18 AM
Yeah, there are three levels of this, it seems.

1. Fixing/pegging your currency to another currency. That's most common and just means a promise to support a given exchange rate.

2. Adopting another country's currency - a unilateral move, essentially you buy Euro or US$ in the open market and replace your own currency with it.

3. What Iceland is doing, which is more like a fiscal integration, including banking oversight. I don't think this is common at all - it's probably the first time I hear about it outside of stuff like EURO common currency.

Liep

#16
March 03, 2012, 06:34:17 AM
Quote from: Martinus on March 03, 2012, 03:28:06 AM
So this is more than just a unilateral decision of Iceland, it seems. I think Denmark should respond to another act of aggression from Canada.

But is Iceland really worth it? I mean, it's no Hans Ø.
"Af alle latterlige Ting forekommer det mig at være det allerlatterligste at have travlt" - Kierkegaard

"JamenajmenømahrmDÆ!DÆ! Æhvnårvaæhvadlelæh! Hvor er det crazy, det her, mand!" - Uffe Elbæk

Malthus

#17
March 03, 2012, 02:34:08 PM
And so, relatively unnoticed, Canadian imperialism marches on.

Will no one save the world from this creeping menace?  :hmm:
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane—Marcus Aurelius

HVC

#18
March 03, 2012, 03:49:48 PM
Quote from: Malthus on March 03, 2012, 02:34:08 PM
And so, relatively unnoticed, Canadian imperialism marches on.

Will no one save the world from this creeping menace?  :hmm:
100 years from now we'll have to deal with quebec and icelandic seperatists :P
Being lazy is bad; unless you still get what you want, then it's called "patience".
Hubris must be punished. Severely.

Viking

#19
March 03, 2012, 04:07:29 PM
Quote from: HVC on March 03, 2012, 03:49:48 PM
Quote from: Malthus on March 03, 2012, 02:34:08 PM
And so, relatively unnoticed, Canadian imperialism marches on.

Will no one save the world from this creeping menace?  :hmm:
100 years from now we'll have to deal with quebec and icelandic seperatists :P

All Hail Lýðveldið Ísland og Winnipeg!!!!!!!
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First Corollary - "You cannot have too many soldiers, only too few supplies."
Second Maxim - "Be willing to exchange a bad idea for a good one."
Second Corollary - "You can only be wrong or agree with me."

A terrorist which starts a slaughter quoting Locke, Burke and Mill has completely missed the point.
The fact remains that the only person or group to applaud the Norway massacre are random Islamists.

Legbiter

#20
March 03, 2012, 04:23:03 PM
Yeah, that was the leader of the Progress Party making an idiot of himself again. Usually these inanities don't make the international press, but in this particular instance it did.

Apparently he's drinking buddies with the Canadian ambassador, who may have let it slip over a pint that Iceland should adopt the loonie (surely as a jest) and due to a particular set of domestic political circumstances, the abovementioned idiot brought it up at a local party convention where it went nowhere, fast.
Posted using 100% recycled electrons.

Drakken

#21
March 03, 2012, 07:27:53 PM Last Edit: March 03, 2012, 07:32:27 PM by Drakken
Quote from: Viking on March 03, 2012, 03:17:18 AM

If the final resolution to this is the Currency Union of the Republic of Iceland and the Dominion of Canada (run out of Ottawa) I'd be happy with that. My first choice remain the EU but that requires the destruction of the CFP and it's replacement with individual transferrable fisheries quotas for the entire EU.

Canada isn't a Dominion since 1982. If you are to use our currency with the face of Her Majesty on it and become our colony, better get your facts straight. ;)

Next on our list: Whiff the Danes away from our sovereign territory of Hans Island, and buy Turk and Caicos Islands.

mongers

#23
March 03, 2012, 07:55:19 PM
I favour countries forming currency blocks based sole on the same initial letter of the alphabet, so Iceland's going to have to join Iran, Iraq, Indonesia and Israel.

Meanwhile Greece has to join German and, .. ok that's already happened.
"We have it in our power to begin the world over again"

Neil

#24
March 03, 2012, 08:01:56 PM
Canada, China, Cambodia...
I do not hate you, nor do I love you, but you are made out of atoms which I can use for something else.

garbon

#25
March 03, 2012, 08:33:21 PM
We'll take the UAE but that's a pass on Uzbekistan, Uganda and Ukraine.
"I've never been quite sure what the point of a eunuch is, if truth be told. It seems to me they're only men with the useful bits cut off."
I drank because I wanted to drown my sorrows, but now the damned things have learned to swim.

Iormlund

#26
March 03, 2012, 08:53:52 PM Last Edit: March 03, 2012, 08:55:45 PM by Iormlund
I can live with the Seychelles, Sweden and Switzerland. Even Slovakia or Slovenia. Maybe Singapur. But Serbia, Sierra Leone, Surinam, Swaziland, South Africa, Sudan, Syria, Somalia. Ugh.

Syt

#27
March 04, 2012, 01:01:32 AM
People keep mixing up Austria and Australia, anyways. We have plenty (Kosovo-)Albanians here already, too. Argentina is ok for Tango and Steaks. And I want to see Patagonia some time, anyways. Antigua/Barbuda is goof for vacations. Andorra? Who cares.

But then there's of course Afghanistan, Azerbaijan, Armenia, Algeria, Angola . . .  :hmm:
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Syt

#28
March 04, 2012, 01:02:59 AM
Quote from: Iormlund on March 03, 2012, 08:53:52 PM
Serbia

I haven't met a Serb yet who isn't fun to talk to or go out drinking with. However, I would never trust them in matters of money and business. Interestingly, Serbs tend to say the same.
I am, somehow, less interested in the weight and convolutions of Einstein's brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops.
—Stephen Jay Gould

Proud owner of 42 Zoupa Points.

HVC

#29
March 04, 2012, 01:23:20 AM
Quote from: Syt on March 04, 2012, 01:02:59 AM
Quote from: Iormlund on March 03, 2012, 08:53:52 PM
Serbia

I haven't met a Serb yet who isn't fun to talk to or go out drinking with. However, I would never trust them in matters of money and business. Interestingly, Serbs tend to say the same.
and serb women are hot... but crazy. oh so very, very crazy.
Being lazy is bad; unless you still get what you want, then it's called "patience".
Hubris must be punished. Severely.
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