As you all know Europe has one currency (Execpt for mother England)?

Question

Should Central America do the same?

By calling it the Cental - Dollar?

Answer 1

It's called the UK. Scotland, Wales and N.I. are important nations.

And the Uk isn't the only one in Europe without the Euro.

Answer 2

It's not just the Uk that abstained from the Euro, so too did Sweden and Denmark, and a no non-EU countries have the Euro, so Switzerland, Norway and others have not adopted it either. It only really makes sense for stable economies to agree to share a currency and that doesn't really apply to Central America just now. If one of the countries that joins has a severe recession, depression or even high inflation it will affect the entire single currency region, so it would be a huge risk for all those countries to agree to share a currency when so mny of them have had those problems recently.

Answer 3

Within about 2-3 years the Euro zone will have started to fall apart.  Probably Italy and Greece will leave first as interest rates suitable for Germany leaves their economy in ruins.  Hard times are comming and the Euro won't survive.  These trans national currencies never do.  At one stage Ireland used the British Pound, but they eventully had to go for their own "Punt".

Answer 4

I think any country that ties the value of it's money to another country is foolish.  It may look strong now, but what will happen in 5-10- years when they fall into inflation, recession or a depression?  The poorest countries will collapse first and it will sprial out of control.

Answer 5

No-one ever said it wasn't called the UK! What are you on about?

I don't see the Euro falling apart at all. It's emerging as the strongest currency.

Answer 6

Yeah we call it the Dollar

Answer 7

Why don't they have 'Northern Peso' in America, instead?