Would the capitalists call it the Loonie zone?

The idea that Iceland might want to ditch its battered krona in favour of the Canadian dollar, not the American version [was recently proposed] when Canada’s ambassador to Iceland, Alan Bones, told Iceland’s national broadcaster on March 2nd that his government would be open to discussing the idea. Otherwise serious commentators pointed out that Iceland and Canada were both resource economies and shared an interest in Arctic matters. Economists said there were few technical problems in Iceland abandoning the krona and adopting the loonie, as the Canadian currency is known. [...] Polls show that seven out of ten Icelanders are happy to ditch the krona in favour of a more stable currency, but those pulling for the loonie and the euro are evenly matched. 

The Economist, March 10th 2012