The News – Capital Media
The News – Capital Media
  • Iceland Set to Lift Money Controls Left Over Since Crisis

  • The national central bank said it will buy the national currency in foreign exchange markets if needed to keep it stable

Unas personas observan el Parlamento de Islandia, en Reykjavik, el 27 de octubre de 2016. Islandia será el primer país del mundo en obligar a las empresas públicas y privadas a demostrar que ofrecen el mismo salario a sus empleados con independencia de su género, su etnia, su condición sexual o nacionalidad, se anunció el 8 de marzo de 2017. (AP Foto/Frank Augstein), photo: Frank Augstein

13 of March 2017 12:36:47

LONDON – Iceland is set to lift the last of its controls on money transfers that it had set up almost nine years ago during the global financial crisis to avoid a collapse in its currency.The country will end the remaining controls on Tuesday, reflecting its improved financial position since the 2008 crisis that saw its major banks collapse and the government need an international bailout.The national currency has strengthened in recent weeks but dropped on Monday on speculation that the final withdrawal of the controls means more money would be pulled out of the country. It was down 2.7 percent, at 110.71 per dollar.The national central bank said it will buy the national currency in foreign exchange markets if needed to keep it stable.



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