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

Press release from the Central Bank of Iceland:

The Icelandic Government has approved a strategy for removal of capital account restrictions, which was prepared by the Central Bank of Iceland in consultation with the Ministry of Business Affairs and the International Monetary Fund. In order to avoid economic instability when the controls are lifted, their removal is carefully sequenced, with each phase dependent upon the fulfilment of specific conditions. Read the full story

After a period during which Icelandic kronur were virtually unavailable outside of Iceland, travellers are once again able to buy the currency before arrival. But some airport bureaux de change are taking their usual business model a step further. Read the full story

After trading very well over recent days, the Icelandic krona has weakened slightly today, in trading New Glitnir describes as “very light”. Read the full story

The Central Bank of Iceland yesterday confirmed that the Icelandic krona will begin to be traded again on the interbank market today, MBL.is reports.

The Bank’s statement said that the move will encourage a level of normalcy in the value of the krona, as the value of the currency will be determined by the market in the future and not by the sale price of Central Bank daily currency auctions, as has been the case recently.

The shift in the means of trading the krona does not, however, mean that restrictions on its use and trade have yet been abolished.