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The majestic Hallgrimskirkja church in Reykjavik, Iceland, in this file photo. (TANIA FUENTEZ/TANIA FUENTEX/ASSOCIATED PRESS)
The majestic Hallgrimskirkja church in Reykjavik, Iceland, in this file photo. (TANIA FUENTEZ/TANIA FUENTEX/ASSOCIATED PRESS)

David Parkinson

Iceland's recovery offers case for reviving drachma Add to ...

Iceland’s krona isn’t getting the respect it deserves.

Last week, The Globe and Mail’s Barrie McKenna reported that some of Iceland's top business leaders have been quietly lobbying for Iceland to drop its 137-year-old currency and adopt the Canadian dollar instead. That would go in a different direction than the Icelandic government’s official position – which is to join the European Union and drop the krona in favour of the euro, a currency that comes with plenty of baggage of its own.

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