Amero coming within decade

BankIntroductions.com, a Canadian company that specializes in global banking strategies and currency consulting, is advising clients that the amero may be the currency of North America within the next 10 years. "The amero would compete against other regional currency blocks," BankIntroductions.com says. "At present, with the Canadian dollar approaching par, more talk for an amero currency unit will become popular in Canada." The company says that with the successful implementation of NAFTA, "the one dragging component for the amero will be Mexico, but in time this will change." "Implementation of the amero currency may actually give Mexico an economic boost, thus helping to alleviate Mexican immigration pressures into the United States for those Mexicans seeking financial gain," BankIntroductions.com advises. The Council on Foreign Relations also has supported regional and global currencies designed to replace nationally issued currencies. In an article in the May/June issue of Foreign Affairs, entitled "The End of National Currency," CFR economist Benn Steil asserted the dollar is a temporary currency. Steil concluded "countries should abandon monetary nationalism," moving to adopt regional currencies, on the road to a global "one world currency." Steve Previs, a vice president at Jeffries International Ltd. in London, said the amero "is the proposed new currency for the North American Community which is being developed right now between Canada, the U.S., and Mexico."