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Relaxation of Iceland capital controls to begin
Iceland’s Minister for Economic Affairs, Gylfi Magnuson says that restrictions on capital inflow to Iceland will be lifted next week. The move is an important precursor to lifting restrictions on...
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EU ‘ready to help Iceland ease capital controls’
The EU says it is ready to provide Iceland with help and technical guidance in lifting the capital controls currently in operation. Olli Rehn, the European Union economic and monetary affairs...
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Icelandic government announces capital account liberalisation strategy
The Icelandic government adopted a revised strategy for gradual liberalisation of capital controls in a cabinet meeting yesterday. The strategy was developed by the Central Bank of Iceland in...
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Iceland to add regulations before the removal of capital controls
Officials in Reykjavik are to introduce new rules for the movement of capital before lifting overall controls. The country’s central bank said on Monday that it is to draw up the “prudential rules”...
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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 in a statement, “It’s now assumed that capital...
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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. The decision to ask for a debt write off of creditors...
View ArticleMoody’s upgrades Iceland credit rating
Moody’s Investors Service announced, Monday, that it had moved the country’s credit rating up a notch to Baa2, citing an improved outlook to the economy and credit-worthiness over the next four years....
View ArticleCurrency 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 the Icelandic pension funds are now able to invest...
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