What is an amero currency?

What is an Amero? The Amero is a theoretical unit of currency that would be used throughout North America. The Amero is seen as a replacement for the three currencies of the three large countries in North America, the Canadian Dollar, the US Dollar, and the Mexican Peso.

Why is the amero important?

As the North American Free Trade Agreement ( NAFTA) broke down many trade barriers between the three countries, and the Security and Prosperity Partnership of North America (SPP) linked the countries to some extent in terms of mutual aid, the Amero is seen as further uniting the countries’ interests.

What is an Amaro?

An amaro is also the name for Italian liqueur—bitter, of course—that's traditionally sipped after dinner as a digestivo. Although Italy is not the only country in Europe to develop this beloved custom, our fascination with Italian food and drink is what has shone the light on it for Americans.

Who proposed the amero?

The Amero was first proposed by a Canadian economist, Herb Grubel, in a book he wrote in 1999, entitled The Case for the Amero. A number of think tanks have since come out in favor of the Amero, arguing it would help strengthen all three countries by fostering a large-scale cooperation.