Forums → WEPR → [necro] The Amero

I think it would be pretty cool, although we should just stick with what we have. Most people are comfortable with their native currencies.

For international trade it would be viable. It would make it similar to the euro.

Also, why can't we just create an international trade currency? For EVERY SINGLE COUNTRY?

The coins look too American in my opinion.

That is probably because our current dollar is worth the most. Hence Canada says goodbye to the Queen and Mexico says goodbye to whoever they have in office at the moment. :P

The coins look too American in my opinion.

Kirby your new armatar looks like Hyperspace on Babylon5. Gotta love it.

I can understand the idea of a currency like this, but what would the effects on the value be? I'm not an expert on currency, but if we get more nations using the same currency, who backs it and determines the value. If we let Mexico for example produce some and they produce too much it becomes valueless. Maybe we should just encourage them to use the dollar, but we shouldn't make any decisions until the economy has stabalized.

Also, why can't we just create an international trade currency? For EVERY SINGLE COUNTRY?

Because it wouldn't be applicable in all nations. The reason currencies like the Euro work is because the countries they are used in have relatively similar economies with relatively similar real price levels.

Because it wouldn't be applicable in all nations. The reason currencies like the Euro work is because the countries they are used in have relatively similar economies with relatively similar real price levels.

Also, many countries in Europe are so small. It's annoying to constantly convert your money from Marks to Francs to Pesos, etc. Many people travel over country borders to work. Trying to balance two different currencies in the budget is not something people want to deal with.

To US users, imagine if every state had their own currency. Everytime you entered a new state, you'd have to worry about exchanging your money and trying to figure conversion rates. Plus you'd have to pay a small fee at a currency exchange. It's easier to have one flat currency to cover a large area.

There are disadvantages. If the Euro collapses, many people will suffer. Also, if a country decides to stop using the Euro, it will lose value and credibility in the market. But I'm not really into Euro politics, so I can't tell you much more.

We used to have currency for every state. Was a while back though. Also every state sent their own delegates to foreign countries, and it got so confusing that the rulers didn't know if they were dealing with 1 country or 13 much smaller ones.

Looking at the exchange rates of countries to the Euro when their currency ended shows this to be completely false.

I think the Amero should be limited to America and Canada, Mexico has a different economy.

The value of your currency doesn't reflect the real price levels in your country. It's not a definitive value existing in a vaccum from inflation you know.

However you cannot say that all 16 countries on the Euro each had similar economies. They varied vastly in size and worth and a lot of countries got left with a WHOLE lot less Euros than they had in their own currency which would totally feel like deflation. You can't say that didn't have an effect.

You also have to remember all of the economies that aren't "good enough" to be transferred to the Euro yet. Then there are the two currencies that never have to transfer since they have been in it long enough for the rule on new joiners doesn't apply to them Britain and I think Denmark... Is it Denmark???