First stage of capital account liberalisation
The Central Bank of Iceland has taken the first step in the sequenced removal of the capital controls by permitting inflows of foreign currency for new investments and potential outflows of foreign currency that may derive from such investments in the future. This means that investors are authorised, without restrictions, to convert into foreign currency the sales proceeds from assets in which they invest after November 1, 2009. Previously, non-residents were fully authorised to transfer foreign currency deriving from interest and dividends on investments in Iceland.
More
IMF Completes First Review Under Stand-By Arrangement with Iceland, Extends Arrangement, and Approves US$167.5 Million Disbursement
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Iceland’s economic performance under a program supported by a Stand-By Arrangement (SBA).
More
Financial Stability published
The Central Bank of Iceland’s report Financial Stability 2009 has now been published on the Bank's website
More
Financial Stability 2009
The Central Bank of Iceland's report Financial Stability 2009 will published on the Bank's website today, Monday, October 26. A webcast of a presentation for journalists and specialists will begin at 15:30.
More