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| North America's stronger dollar |
Here we are, in the middle of winter, and two of the planet's coldest nations are doing some heavy currency canoodling. Believe it or not, Icelandic officials have informally approached Canadian counterparts about the Nordic island adopting the Canadian loonie as Iceland's legal tender.
According to an article in Toronto's leading newspaper, The Globe and Mail, both governments quickly put a public lid on this curious story.
The best part of the article was its listing of illustrations on each country's currency. Icelandic krona notes include illustrations of girls embroidering, while Canadian banknotes show children playing ice hockey. "In God We Trust"? That's been sent to the bench, no longer denoting a leading currency.
PS.
Thanks to the financial blog Zero Hedge, which posted this story earlier today.
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