Iceland’s Ministry of Finance has today publicly released its treasury accounts for 2009, with a statement saying the figures are better than had been predicted. Read the full story

Iceland’s stability pact between representatives of employers, the Federation of State and Municipal Employees, the national government and local governments is due to be signed today at 13.00 after long delays and bitter wrangling. Read the full story

As provided for in Temporary Provision II of the Act Amending the Act on the Central Bank of Iceland, the Prime Minister today appointed Svein Harald Øygard provisionally to the position of Governor of the Central Bank and Arnór Sighvatsson provisionally as Deputy Governor. They have already commenced their duties.
Following up on the amendments to the Act on the Central Bank of Iceland passed by the Icelandic Read the full story

The government’s bill amending the Central Bank Act has been passed by the Icelandic parliament Althingi. Major changes are made to the Central Bank’s administrative structure, its Governors reduced in number and a Monetary Policy Committee established. Strict requirements concerning professional qualifications will be Read the full story

PRESS RELEASE FROM THE MINISTRY OF FOREIGN AFFAIRS IN ICELAND:

Össur Skarphéðinsson, Minister for Foreign Affairs today received, on behalf of his Nordic colleagues, a report by Thorvald Stoltenberg, former Minister for Foreign Affairs and Defence of Norway, on Nordic foreign and security policy cooperation. The report was launched at an extraordinary meeting of the Nordic foreign ministers in Oslo. Read the full story

The Central Bank of Iceland has issued the speech of David Oddsson, the Chairman of the Board of Governors of the Central Bank.

His speech is available in a pdf file here.

A spokesman for the Dutch Ministry of Finances said earlier today that Dutch authorities will grant Iceland up to 1.3bn euro, MBL reported. The condition for the loan is that the money is used for paying IceSave depositors. Read the full story

PRESS RELEASE FROM THE ICELANDIC PRIME MINISTER’S OFFICE:

The Executive Board of the International Monetary Fund (IMF) has approved Iceland’s request for a two year stand-by arrangement. Iceland will receive USD 2.1 bn. from the IMF. Read the full story

Savings specialist Bradford & Bingley International, based in the Isle of Man, has launched two new fixed rate savings bonds.

For long term deposits, Fixed Rate Bond Issue 46 is a 1 year bond which pays 6.70% interest on maturity or 6.50% (6.70% AER) monthly.

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PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND:

The Central Bank of Iceland has compiled updated information on the status of domestic and international payment intermediation. This information describes the status of payment intermediation for individuals and companies.

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