 The Canadian ambassador in Iceland has confirmed that the Canadian central bank is willing to negotiate with Iceland about using the Canadian dollar in Iceland. Rumors about that have been in circulation since mid-2011, after Canadian representative have visited Iceland to discuss the idea. Members of the progress party were sympathetic to the idea, but there was not much public support. In early 2011, representatives of the central banks of Iceland and Canada met to conduct informal talks about the topic. The Prime Minister proclaimed that “the situation can’t remain unchanged, the choice is between surrendering the sovereignty of Iceland in monetary policy unilaterally adopting the currency of another country or become a member of the EU.” |
Companies and private persons hardly gain by the money glut which was created by the European Central Bank - the banks use most of the money for buying government bonds and other speculative financial papers. 
The American central bank lowered from 1990 to 1992 the prime interest rate from 9.375% to 3% and thereby caused the Dot-com Bubble. 
