The Market Operations Department of the Central Bank implements monetary policy, as well as carrying out other domestic market activities, supervising markets, and participating in them as needed.

The Central Bank supervises the interbank foreign exchange market and the interbank market for krónur (REIBOR). The Bank intervenes in the interbank foreign exchange market and buys or sells krónur in exchange for euros. Every day, the Central Bank lists the official exchange rate of the Icelandic króna, as well as interest rates in the market for krónur. The Bank affects interest rates in the interbank market for krónur when it determines the interest rates on its transactions with financial institutions.

The Central Bank is a participant in the Nasdaq OMX trading system and keeps track of the securities market without supervising it. The Bank is authorised to trade in the secondary bond market if it deems such trading consistent with its objectives.


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  • Markets

  • The Central Bank's market activity and policy instruments

  • Securities eligible as collateral