posted on Jan, 3 2008 @ 02:10 PM
First the dollar would probably be pegged to the new currency, then all prices would be displayed in the new currency and no new dollars would be
printed or minted. All government payments would be made in the new currency, and all the dollar bills would be removed from circulation through the
banking system. The dollar would still exist as a currency for a number of years, like german Deutch-marks still exist, because bonds, loans and other
obligations have been issued in dollars, but these obligations will be repaid in the new currency and new obligations will be in the new currency.
Of course, businesses would use the confusion to increase their prices as well, because they know that people aren't walking calculators.
Pretty much like in the EU.
Nothing will happen to the existing savings etc. it'll just be like exchanging money when you are on vacation. If you get 2 Ameros for each Dollar,
your 100000 Dollar saving just turns into 200000 Ameros in savings, although the Amero is propably pegged to the Dollar at 50 cents per Amero.
[edit on 3-1-2008 by aaa2500]