Why will Amero be growing in the future?
Amero coin is going to merge the currencies of America, Canada, and Mexico, just like Euro happens to be a unified currency of the European Union. It will give a single ‘legal tender’ to North America with major benefits of elimination of costs involved in foreign exchange transactions.
Resultantly, we will observe a significant drop in the interest rates, capital flow and cost of international trade. Businessmen will be facilitated by directly making transactions in this common currency without having to deal with the exchanges. Canada alone will save up to $3 billion by implementing AMX.
As we know that priming currencies cause inflation. It is a common practice for nations to print more money in order to pay debts and meet expenses which ultimately causes inflation and drops the value of the dollar.
By introducing AMX, this factor will be eliminated from the equation and a more stable economy will emerge. Travelers will also be getting benefits as they won’t have to exchange their money while traveling between these countries and hence they won’t be paying the extra fee. The cross-border business deals will also be more economical for the same reason. With many pros, we can’t deny the strong potential to establish its presence.
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