14 Oct 2016From 1 January next year, the general public in Iceland will no longer be required to produce proof of foreign travel abroad in order to withdraw foreign currency at banks.
25 Aug 2016Even after capital controls on the Iceland króna have been lifted, it is unlikely that it will ever again be a full, free-floating currency, Iceland’s Finance Minister has admitted.
17 Aug 2016PM Sigurður Ingi Jóhannsson and Finance Minister Bjarni Benediktsson announced the new plans at a press conference yesterday afternoon held at the Icelandic Ministry of Finance and Economic Affairs.
1 Jun 2016Governor of the Central Bank of Iceland Már Guðmundsson has announced that “the objective is to be able to take decisive steps in lifting capital controls this autumn”.
25 Apr 2016Iceland will not get a better chance to successfully lift capital controls than now, the Head of the Central Bank of Iceland has told Icelandic MPs.
1 Apr 2016Despite an initial period of uncertainty, the Icelandic króna is more likely to strengthen rather than weaken after capital controls are lifted, say analysts.
18 Mar 2016An auction of offshore ISK is planned for the first half of this year, after which capital controls can be lifted, Icelandic Finance Minister Bjarni Benediktsson has announced.
16 Mar 2016Head of the Central Bank of Iceland Már Guðmundsson has hinted at a big announcement regarding the lifting of capital controls in Iceland at the Bank’s AGM tomorrow.
5 Nov 2015A currency auction for offshore Icelandic krónur (ISK) is planned for January. It should be possible to open up all business via conventional trade instruments relatively quickly after that.
15 Jun 2015Icelandic fund-management company GAMMA is the first Icelandic financial institution to open offices outside of Iceland following the announcement of plans to lift the country’s capital controls.
12 Jun 2015Iceland’s plan to lift capital controls, announce by the government on Monday, has been hailed as ‘positive’ by FitchRatings, one of the ‘Big Three’ credit-rating agencies.
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