Amero

(redirected from North American currency union)
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Amero

A proposed currency for a hypothetical monetary union of Canada, Mexico, and the United States. Proponents of the amero argue that it would save billions in foreign exchange transactions and would increase trade. Critics cite both loss of independent monetary policies and national sovereignty as reasons for opposing the amero.
References in periodicals archive ?
Major long-term agenda items include a North American currency union, featuring a currency to be known (not surprisingly) as the "amero"; a North American customs union, such as was implemented in the early stages of the European Community; and various schemes for the harmonization of wages, labor standards, environmental laws, and border security, among many other things.
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