Definitions

This page contains general definitions according to the Foreign Exchange Act and Rules on Foreign Exchange. Further information is available upon request. Queries should be made by e-mail sent to gjaldeyrismal@sedlabanki.is or by calling +354 569-9600. Please note that this e-mail address is only to be used for queries about foreign exchange matters. Requests for exemptions from the Foreign Exchange Act, no. 87/1992, must be sent to the Central Bank of Iceland in writing, together with pertinent documentation; cf. the fifth sentence of Article 13(o), Paragraph 1 of Act no. 87/1992. 


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  • Residents

  • Non-residents

  • Domestic currency

  • Foreign currency

  • Foreign exchange transactions

  • Cross-border movement of capital