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Tag Archive | "currency"

Central Bank of Iceland offers to buy Icelandic kronur


The Central Bank of Iceland is advertising for the submittal of offers to sell Icelandic kronur for cash payment in foreign currency. Read the full story

Posted in Business, General, Iceland, International, MBLComments (0)

Icelandic krona exchange rates reflect recovery of national economy


Written by Tom Cleveland, foreign exchange market analyst: While the major foreign exchange event of the past decade would surely be the highly successful introduction of the euro, many may have overlooked the results of the more northern “crown” currencies, those belonging to Scandinavian countries and the Republic of Iceland. Read the full story

Posted in Business, European Union, General, Iceland, International, Marketing and Consulting, MBLComments (44)

Icelandic government announces capital account liberalisation strategy


The Icelandic government adopted a revised strategy for gradual liberalisation of capital controls in a cabinet meeting yesterday. Read the full story

Posted in Business, General, Iceland, International, MBL, PoliticsComments (6)

Trade minister: Iceland must choose between euro and currency controls


The Icelandic nation faces a choice between the single European currency or ongoing currency exchange restrictions and a relapse to a much simpler means of trade with the outside world if it keeps the krona. This is the opinion of Arni Pall Arnason, Iceland’s Minister of Economics and Trade. Read the full story

Posted in Business, European Union, General, Iceland, MBL, PoliticsComments (26)

Icelandic krona appears to be doing well


The real exchange rate of the Icelandic krona continues to increase and has strengthened for the seventh month in a row. The exchange rate index now stands at 75 points and has strengthened by 10 percent this year so far. Read the full story

Posted in Business, General, Iceland, International, MBL, PoliticsComments (24)

Foreign currency car loans confirmed as illegal in Iceland


saabThe Icelandic government met yesterday about a Supreme Court decision that foreign currency car loans are illegal. Read the full story

Posted in Business, General, Iceland, MBL, PoliticsComments (29)

Chinese visit to Iceland brings new contracts


kronur2The Central Bank of Iceland and the national power company have both signed important contracts with China this morning during He Guoqiang’s official visit. Read the full story

Posted in Business, China, Energy, Environment, General, Iceland, MBL, PoliticsComments (1)

Sweden increasingly opposed to the euro


eurosA growing number of Swedes have expressed opposition to finalising plans to replace the Krona with the euro. Read the full story

Posted in Business, European Union, General, MBL, Politics, SwedenComments (0)

The Central Bank of Iceland and its Russian dream


Seðlabankinn2Attempts by the Central Bank of Iceland to strengthen its foreign currency reserves in the lead up to the banking crash were characterised by desperation and internal anarchy, according to a bank economist. Read the full story

Posted in General, Iceland, MBL, PoliticsComments (2)

Iceland currency exchange restrictions lead to 28 legal cases


gylfi-magnusson28 cases of organisations breaking Iceland’s strict temporary currency restrictions have been sent to the FME financial regulator, according to Minister for Economic Affairs Gylfi Magnusson. Read the full story

Posted in Business, General, Iceland, MBL, Politics, SocietyComments (19)

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