Iceland Canadian Dollar

March 5, 2012 by staff 

Iceland Canadian Dollar, Canada’s ambassador to Iceland stirred up controversy over the future of the North Atlantic island’s currency at the weekend, saying the nation of 320,000 would be welcome to start talks on adopting the Canadian dollar.

After Iceland’s financial collapse in 2008, there has been much political discussion over whether to stick with the krona or adopt another currency to help bring stability to the economy.

Having already begun talks on joining the European Union, the country is widely expected to adopt the euro, although opposition to EU accession is growing.

Ambassador Alan Bones told Icelandic national broadcaster RUV on Friday that the Canadian government was willing to hold talks with Iceland on whether to adopt the loonie if Icelanders wanted to.

Bones had also been due to speak at a meeting of the Progressive Party, the country’s second-biggest opposition group, on Saturday to address the issue again, but his speech was cancelled.

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