Hi Everyone,
For anyone who doesn’t know, Iceland was considering having the Canadian dollar as their currency. Yes, the Krona fell from grace during the Great Recession and the country was bankrupt. Since then they have found some of their financial footing and earlier this year thought that the CAD, or the Canadian dollar, was where it was at.
Iceland isn’t the only one who is knocking on Canada’s financial currency door. Today, the IMF, International Monetary Fund, (which for anyone who doesn’t already know, is located in the United States) entertained the thought of having the Canadian dollar as the reserve currency too. Do I think this is a good to great idea? YES! Canada is clearly more financially stable than the United States.
Will it happen? I think it could. After all, Mark Carney is head of the Financial Stability Board (FSB) while he is doing an AWESOME job as the Governor of the Bank of Canada, the most financially sound country in the world. Which is part of the reason he got the job heading the Financial Stability Board in the first place.
But let’s face some facts. Every country in the world uses the American dollar as their reserve currency. And some countries in South America who have left their former currency now use the American dollar for every transaction.
I am still hopeful though. Canada has a great chance of becoming the new reserve currency. It is about time, and it could happen. If it does, send a Kudos to every Canadian. We deserve it. We’re AWESOME!!! And don’t forget it. 😀
Thank you for reading, A. Rebel’s Rant! ;D
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