by Aria Quill

Created on: August 31, 2008

It seems to me that there is no reason that Canada or the United States have to change their currency in order to become part of the global currency. What we have to do is change the value of our currency in order to accomodate the metric form of currency.

If all countries could find a way to convert to the metric system then we would have an international currency and in Canada and the United States that is easily accomplished by not abolishing our present coins and bills but by changing the value of some of our coins.

A dollar bill or a loonie is worth 10 dimes and if it is changed to metric or a decimal system it is now metric and can be considered in the Euro currency. We have quarters that are worth 25 cents, or 2.5 metric amounts or two dimes and 1 nickel. If we change the value of the quarter to be 30 cents or 3 dimes we have brought it into the metric or decimal system of equating the amount. When we want to deal in Euro then the quarter is a value of 30 cents times 3 quarters plus 1 dime or 10 cent piece and we have $1.00 value.

We have to be able to equal the Euro dollar for dollar if that is the way we are to go into the european market place.

Now back home there is no reason that we can't keep our money with the exception of the quarter as this will have to change value. The nickel can still be worth 5 cents as 2 nickels will come up to 10 cents and bring this into the decimal system.

If we decided not to change our money at all then the quarter would be the factor in the money exchange that would bring confusion and create a problem for the European market place.

I feel that if Canada and the United States wants to become equal on a monetary basis that we would have to make an adjustment to equalize the dollar value for convenience sake but we would still be able to spend our money as we have in the past.

Changeing only the value of the quarter and not the size would not hurt our economy but increase the amount of up front money into the government hands as this money would come form things like vending machines and meters at the curbs and small coin operation units like washers and dryers in landromat or machines in washrooms in restaurants.

If this is done gradually then we would not notice much of an adjustment except the value changes. Value changing is happening all the time in the grocery stores and every other retail outlet so why would the value change on a coin make any difference other than another big mental pressure to devour our whits.

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