61317
Iceland to Lift Capital Controls
World Economy

Iceland to Lift Capital Controls

Icelandic authorities will present changes to the country’s capital controls later on Sunday, a central bank spokesperson said, Reuters reported. Capital controls were imposed at the height of the financial crisis in 2008 to shore up a tumbling Icelandic krona. “There will be a press conference with the prime minister, the finance minister and the head of the central bank. They will present changes to the capital controls today,” said Stefan Johann Stefansson. Icelandic media reported earlier this week, citing Finance Minister Benedikt Johannesson, that the controls could be lifted in weeks or months. One hitch to removing the controls has been an ongoing spat between Iceland and funds that own more than $1 billion worth of krona-denominated assets that were frozen by the Icelandic authorities.

 

Short URL : https://goo.gl/Vx5HM3
  1. https://goo.gl/Q6GxzF
  • https://goo.gl/SFHHcC
  • https://goo.gl/ZbRBfh
  • https://goo.gl/5RV1cl
  • https://goo.gl/BZsI65

You can also read ...

German Business Morale Soars to Record High
German business confidence hit a record high in November...
Taiwan Q3 Growth Highest in 2 Years
Taiwan’s economy grew 3.1% in the July-September period to a...
UK Consumer Confidence Slumps
Brits are increasingly pessimistic about the state of the...
Asia Markets Close Mixed, Europe Extends Rise
Asian markets closed mixed on Friday, following a quiet...
Venezuela Bad Debts Pile Up
Venezuela moved closer to a possible all-out default, with...
French Business Confidence at 10-Year High
French business confidence hit a near 10-year-high in November...
Thyssenkrupp Defends Disputed Tata Steel Merger
German heavy industry giant ThyssenKrupp on Thursday defended...
Swiss Factory Output Up
Switzerland’s industrial production and turnover increased...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus