The rise of the Icelandic krona is affecting the tourist industry
The ever more expensive Icelandic currency, the krona (IKR) is resulting in higher prices for tourists and has already started to harm the tourist ind...
Loophole in Iceland exchange controls closed by secretive bill
The Icelandic parliament late last night changed the law on currency exchange restrictions to close a loophole which had been discovered. Lawmakers we...
Canada ready to discuss letting Iceland use its dollar
The Canadian ambassador to Iceland says that the authorities in Ottawa are willing to start talks that could see the Canadian dollar become the nation...
Economist questions weak króna explanation
The exchange rate of the Icelandic króna has been weakening steadily since the start of the year and the exchange rate index has not been higher for n...
Icelandic Króna has bad few days despite exchange restrictions
Temporary capital flow out of Iceland is the reason for the króna’s marked depreciation in the last few days, according to an analysis expert at...
Currency exchange privacy case thrown out of Icelandic court
The case of Jón Magnússon, a Supreme Court of Iceland barrister and former member of parliament, against the Data Protection Authority of Iceland has ...
Icelandic króna surplus building fast
Foreign claimants on the estates of bankrupt Icelandic banks Kaupþing, Glitnir and Landsbanki will be paid recovered funds up to ISK 450 billion (EUR ...
Economists still question long-term future of Icelandic króna
An Icelandic economist says the Central Bank of Iceland’s intention to use investment as a way to reduce the risk associated with removing curre...