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

Lars Christensen, chief analysist at Danske Bank, says that the Icelandic economy is on course for recovery after the banking crash in 2008. His forecast says there is reason to believe the Icelandic krona will strengthen by up to 25 percent in three years. Read the full story

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

The EU says it is ready to provide Iceland with help and technical guidance in lifting the capital controls currently in operation. Read the full story

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

The Central Bank of Iceland’s inflation target has finally been reached for the first time in around seven years. The annual rate of inflation is now equal to the target 2.5 percent. Read the full story

A quarter of Icelanders’ earnings are going straight into keeping the krona currency alive — according to the head of the Union of Icelandic Electrical Workers. He told reporters that Icelanders living in ‘Kronaland’ are working in a financial sweatshop. Read the full story

Iceland’s Minister for Foreign Affairs says he is emphasising in Iceland’s EU accession talks that the Icelandic krona must be propped up by the European Central Bank immediately after Icelandic membership of the European Union and until Iceland adopts the euro, if and when that happens. The minister added that accession talks are likely to take longer than optimists had hoped. Read the full story

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