North American monetary union

Map of a theoretical NAU, with Canada, Mexico, and the United States of America.
The currency symbol for the hypothetical Amero, by the Fraser Institute

The North American monetary union is a theoretical economic and monetary union of three North American countries: Canada, Mexico, and the United States.

Implementation would involve the three countries giving up their current currency units (the U.S. dollar, the Canadian dollar, and the Mexican peso) and adopting a new one, created specifically for this purpose (some versions of the theory assume only the United States and Canada would be included). The hypothetical currency for the union is most often referred to as the amero.[1][2] The concept is modeled on the common European Union currency (the euro).

  1. ^ Bennett, Drake (2007-11-25). "The Amero Conspiracy". New York Times. Retrieved 2012-08-09.
  2. ^ Herbert G. Grubel (1999). "The Case for the Amero: The Economics and Politics of a North American Monetary Union" (PDF). The Fraser Institute. Archived from the original (PDF) on 2008-12-19. Retrieved 2007-09-20.