The Canadian ambassador to Iceland says that the authorities in Ottawa are willing to start talks that could see the Canadian dollar become the national currency of Iceland – if that is the will of the Icelandic people.

The ambassador, Alan Bones, will give a short speech at tomorrow’s meeting of the Progressive Party which will discuss the unilateral adoption of another currency to replace the Icelandic króna. RÚV reports the ambassador as saying that his government is ready to discuss Iceland’s adoption of the dollar if the Icelandic government requests such talks.