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The Fraser Institute's proposed symbol/logo for the amero

Currency union in the Americas is an idea based on the common European Union currency, the euro. The hypothetical American currency is sometimes referred to as the amero. Image File history File links Gnome-globe. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links This is a lossless scalable vector image. ... “EUR” redirects here. ...

Region

As well as calls for a currency for the Americas as a whole, in Canada discussions of a more limited cross-border currency union are common. The C.D. Howe Institute, one of Canada's economic and social think tanks, advocates the creation of a shared currency between Canada and the United States. The Fraser Institute, a conservative think tank, has also argued in favor of the amero. Herbert G. Grubel, a senior fellow of the Fraser Institute, came out with a book entitled The Case for the Amero in September 1999. Conversely, left-wing nationalist groups such as the Council of Canadians strongly oppose any move towards currency union, arguing that it would be harmful for the Canadian economy and for Canadian sovereignty. World map showing the Americas The Americas are the lands of the Western hemisphere historically considered to consist of the continents of North America and South America with their associated islands and regions. ... In economics, a monetary union is a situation where several countries have agreed to share a single currency among them, for example, the East Caribbean Dollar. ... --BaronLarf 16:30, August 17, 2005 (UTC) Categories: Possible copyright violations ... The Fraser Institute is a libertarian think tank based in Canada. ... This article is about the institution. ... Herbert G. (Herb) Grubel (born February 26, 1934 in Frankfurt, Germany) is a former Canadian politician. ... The Council of Canadians is a left-wing think tank in Canada that was founded in 1985. ... Sovereignty is the exclusive right to exercise supreme political (e. ...

Support

There are many lower levels of currency cooperation that have occurred in the Americas. A number of states – such as Argentina, Brazil and Canada – have at times tied their currency to the United States dollar, and in 2000, Ecuador adopted the U.S. dollar as its sole currency. In much of Central America and the Caribbean the U.S. dollar is already a de facto secondary currency. ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... The United States dollar is the official currency of the United States. ... For other uses, see Central America (disambiguation). ... “West Indian” redirects here. ...

It serves as parallel legal tender in both Panama (since independence in 1903) and El Salvador (since 2001), and unofficially in Cuba where the convertible peso is currently pegged at 1 peso equals US$1.08 (previously, it was until 24 March 2005, 1 peso = US$1 ). Some pundits thus argue that currency union is all but inevitable, whether it is desired or not. 1900 (MCMIII) was a common year starting on Thursday (link will display calendar) of the Gregorian calendar or a common year starting on Friday of the 13-day slower Julian calendar. ... The Cuban convertible peso (ISO 4217 code: CUC) is one of two official currencies in Cuba. ... is the 83rd day of the year (84th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...

Criticism

A major obstacle to the creation of a unified currency is the sheer dominance of the United States in any such union. Unlike any country in the EU, the USA has a larger economy than the rest of its respective continent/union combined. Differing cultural and social/economic objectives amongst the other western nations would be another point of contention^{[citation needed]}. Another obstacle for the creation of a monetary union is the opposition to the end of sovereignty of the three countries of North America.

In the arts and literature

• Infinite Jest by David Foster Wallace takes place in the near future with a common North American Currency, and a strong US-led North American confederation.

Infinite Jest (1996) is a critically acclaimed novel written by David Foster Wallace. ... David Foster Wallace is an American novelist, essayist, and short story writer. ...

See also

• United States dollar
• Canadian dollar
• Mexican peso
• Security and Prosperity Partnership of North America
• North American Union

ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... It has been suggested that this article or section be merged with Loonie. ... ISO 4217 Code MXN User(s) Mexico Inflation 3. ... The Security and Prosperity Partnership of North America, founded March 23, 2005 by the 3 executive leaders of Canada, Mexico and the United States, was launched in response to what some see as the evident necessity for the North American continent to take new steps to address the threat of... World map showing North America A satellite composite image of North America. ...

External links

• Canada Should Pursue North American Currency Union, from the C. D. Howe Institute
• Alternative Amero Currency Article
• Fraser Institute - The Case for the Amero
• Security and Prosperity Partnership of North America
• AmeroCurrency.com