IMF: Iceland capital controls to remain through 2015
Icelandic authorities will need to keep capital controls in place through 2015, officials from the International Monetary Fund said. The agency said i...
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...
Iceland central bank for auctions to repatriate offshore currency
The Central Bank of Iceland is preparing to repatriate offshore krónur in a step towards relieving ongoing capital controls following the banking cris...
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 ...
EFTA court declares Iceland currency restrictions legal
At the same time as the Icesave case continues, the EFTA court has already passed verdict on another Icelandic issue and came down on the site of the ...