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Currency restrictions on the Icelandic Krona completely lifted today

From today onwards there will be no limits on currency transactions with the Icelandic Krona. The private sector and institutional investors such as t...

Business, EconomyMarch 14, 2017
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Bill passed – Tackling offshore accounts and currency restrictions

  A new bill designed to free up the foreign exchange restrictions of the Icelandic krona was passed in parliament last night.

Iceland, PoliticsMay 23, 2016
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Pressure mounts to ditch capital controls

The incoming government of Iceland is speculated to ease and remove currency controls before the market becomes too distorted, reports Bloomberg.

Economy, FinanceMay 29, 2013
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Central bank starts buying forex

In preparation for the unwinding of capital controls that have been in place since the 2008 banking collapse, Iceland’s central bank has started selli...

Finance, IcelandMay 24, 2013
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Overseas creditors might have to accept losses

Foreign bondholders hoping to recoup their full investments in Iceland’s three collapsed banks will be eyeing the new government nervously. Anti-auste...

Finance, IcelandMay 22, 2013
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Iceland central bank: krona will never float again

The head of Iceland’s central bank has said that floating the krona without the use of controls is never likely to happen again.

Economy, IcelandFebruary 24, 2013
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Iceland central bank chief concerned over weak krona

The head of Iceland’s central bank has said that the country is uncomfortable with the state of its currency, as inflation continues to outpace its ta...

Finance, IcelandJanuary 20, 2013
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Iceland readying for euro transition

Icelandic officials are readying the country to phase out the krona once current capital controls are lifted, according to reports.

European Union, FinanceOctober 6, 2012
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