The governor of the Central Bank of Iceland says it is time to investigate whether krona denominated coins and notes are too small following decades of inflation. Read the full story

The Central Bank of Iceland lost ISK 13.5 billion last year (EUR 83.2 million). The largest part of the loss came through differing exchange rates, but operational costs were also a big factor. Read the full story

According to former Central Bank of Iceland governor, David Oddsson, his British counterpart, Mervyn King, faithfully promised that Iceland would not have to pay anything for Icesave in the event of Landsbanki’s demise. The governor of the Bank of England denies the claim. Read the full story

Iceland’s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The Central Bank of Iceland is among the institutions under investigation. Read the full story

Mar Gudmundsson, the governor of the Central Bank of Iceland, says that joining the euro could still be a good option for Iceland in the wake of its economic crisis. His comments to the BBC come just days after President Olafur Ragnar Grimsson told Reuters that the benefits of euro membership are less clear than ever. Read the full story

Press release: The Supreme Court of Iceland has today pronounced its verdict in Case No. 471/2010, that interest should be calculated on unlawfully foreign-denominated automobile loans in accordance with the interest rates published by the Central Bank of Iceland. The Government is determined to ensure fairness, resolve issues and improve the situation of debtors. Read the full story

The Central Bank of Iceland was the scene of protests this morning over the Bank and the FME financial regulator’s joint proposal for how to deal with foreign currency indexed car loans, recently ruled illegal by the Supreme Court. Protesters believe the proposal is the best possible for the banks and the worst possible for indebted customers. Read the full story

The Financial Supervisory Authority and the Central Bank of Iceland have decided to issue guidelines to financial institutions due to non-binding clauses linking loans to the exchange rate. They will then present these guidelines at a joint press conference. Read the full story

The Monetary Policy Committee (MPC) has voted to lower Central Bank interest rates by 0.5 percentage points. Read the full story

The Icelandic authorities have decided to activate a currency swap agreement with Denmark, Finland, Norway, Poland and Sweden. The amount being drawn on the bilateral credit lines is EUR 639 million to be used to strengthen Central Bank of Iceland foreign currency reserves. Read the full story