Iceland to Ease Currency Restrictions
Iceland to Ease Currency Restrictions

Iceland to Ease Currency Restrictions

Iceland to Ease Currency Restrictions

Iceland has announced plans to lift nearly all restrictions on currency movements imposed on its citizens in the wake of the 2008 global financial crisis, DW reported. The measures come ten weeks ahead of national elections. The Icelandic finance ministry has unveiled draft legislation that would allow Icelanders to buy property overseas and expand their right to purchase foreign currency in cash “significantly”. Drafted with the approval of the International Monetary Fund, the bill is due to be presented to parliament this week, and is expected to be approved.

Short URL : http://goo.gl/ZQL4Co
  1. http://goo.gl/zztD2E
  • http://goo.gl/0Av8Gy
  • http://goo.gl/6E2JMQ
  • http://goo.gl/DYjzCo
  • http://goo.gl/uXY9pN

You can also read ...

Both, Russia and China, have intensified efforts in recent years to settle bilateral trade not in US dollars, but in rubles and yuan. Gold is considered important by both countries.
The issue of when a global reserve currency begins or ends is...
Norway’s Sovereign Wealth Fund  Hits $1 Trillion
The Norwegian sovereign wealth fund, the largest in the world...
Janet Yellen
As the Fed starts unwinding the stimulus it provided to snap...
Kazakh Economy Grows by 4.3%
The economic growth in Kazakhstan was at 4.3% since the...
Ukraine Raises $3b in First Bond issue
Ukraine has raised $3 billion in its first sovereign bond...
Multinational digital firms, mostly based in the US, have pushed for globally harmonized rules that would provide predictability and limit the space for national governments to intervene in digital flows.
The increasing digitization of the global economy is changing...
London, Frankfurt and Paris fluttered between flat to slightly lower after eight days of gains.
Record-high world stocks paused on Tuesday and the dollar...
The IMF could write off its debt and lighten Greece’s burden.
“Beware of Greeks bearing gifts,” wrote the ancient Roman poet...