Currency restrictions on the Icelandic Krona completely lifted today
From today onwards there will be no limits on currency transactions with the Icelandic Krona. The private sector and institutional investors such as t...
Bill passed – Tackling offshore accounts and currency restrictions
A new bill designed to free up the foreign exchange restrictions of the Icelandic krona was passed in parliament last night.
Pressure mounts to ditch capital controls
The incoming government of Iceland is speculated to ease and remove currency controls before the market becomes too distorted, reports Bloomberg.
Central bank starts buying forex
In preparation for the unwinding of capital controls that have been in place since the 2008 banking collapse, Iceland’s central bank has started selli...
Overseas creditors might have to accept losses
Foreign bondholders hoping to recoup their full investments in Iceland’s three collapsed banks will be eyeing the new government nervously. Anti-auste...
Iceland central bank: krona will never float again
The head of Iceland’s central bank has said that floating the krona without the use of controls is never likely to happen again.
Iceland central bank chief concerned over weak krona
The head of Iceland’s central bank has said that the country is uncomfortable with the state of its currency, as inflation continues to outpace its ta...
Iceland readying for euro transition
Icelandic officials are readying the country to phase out the krona once current capital controls are lifted, according to reports.