It's not really our choice anyway, any country could adopt our currency if they really wanted to. There isn't really anything we could do about it. They'd just start circulating Canadian dollars.
It is interesting that a foreign country would be interesting in adopting the loonie when it's far less liquid than the USD or Euro, and is tied directly to oil prices (which Iceland isn't really an exporter of).
That said, it doesn't hurt us in anyway. Go for it if they want to.
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