Posted on13 October 2008.
The NASDAQ OMX I-15 stock exchange in Reykjavik has announced this morning that it will not be opening today.
Due to the highly unusual world market conditions, the exchange has been closed since Thursday and was due to open again today.
The latest information is that stock trading in Iceland will recommence tomorrow, RUV.is reports.
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I called Landsbanki’s office this morning. I asked if I could make some operations. She said “No” and when I asked if the stock exchange was open she said “I don’t know”. Finally I ended up asking if I will be able to make operations tomorrow she yet again said “I don’t know”.
Super !
Great, we are stuck in the Iceland. They will open stock market tommorrow or today or….but the currency exchange rate will be horrible.
I am visiting Iceland this weekend, I am unable to buy Krona in the UK !!! Is currency currently being exchanged in Iceland? Is this tied up with the stock exchange being shut?
Nigel
@ Nigel Preston
hi just a little advice to you concerning buying the krona in England Dont do it
you will get a really bad rate its always better when dealing with Iceland to buy the kr in Iceland you get a much better rate
if you do buy in england you will loose at least 15%
Thanks Alan I would rather give any profit to the Icelandic economy anyway. I’ll take some sterling and Euros.
Nigel