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 currency would replace the Mexican peso?

The Amero is a hypothetical common currency that would replace the Mexican Peso and the U.S. and Canadian Dollar. The Amero would require some form of North American Union joining the economies of the U.S., Canada, and Mexico—a concept modeled after the Euro and the European Union.

Could Amero replace the US dollar?

Amero is seen as a replacement for the Canadian dollar, the US dollar, and the Mexican peso. None of the three governments which would be involved have moved forward at all with an Amero currency, but a number of theorists have pointed to it as a natural progression in the free market movement of North America.