Ólafur Ólafsson was sentenced to four and a half years. He has been released after spending just over a year in prison, but has to wear an electronic ankle tag and return daily to a halfway home.

Release of jailed bankers: Ólafsson returns to his office

11 Apr 2016 Ólafur Ólafsson, owner of shipping company Samskip and one of the three jailed bankers released years early, with an electronic ankle tag for surveillance, has now returned to working at his company's headquarters in Reykjavik.


Clear sky


5 °C



3 °C



3 °C

Exchange rates

USD USD 123.40 EUR EUR 138.70
GBP GBP 159.21 DKK DKK 18.59
NOK NOK 14.49 SEK SEK 13.55
CHF CHF 122.07 JPY JPY 1.08
ISK price of selected currencies, according to the official exchange rate of the Central Bank of Iceland. Updated daily.