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Capital Controls

Icelandic money

Iceland Lifts Capital Controls

At a press conference yesterday, Icelandic Prime Minister Bjarni Benediktsson and Minister of Finance Benedikt Jóhannesson announced that all capital controls for individuals, companies and pension funds will be lifted tomorrow.

Már Guðmundsson

Lifting of Capital Controls Likely this Fall

In all likelihood, the foreign currency reserves of the Central Bank of Iceland will be large enough this fall for the lifting of capital controls for the Icelandic public and Icelandic companies to begin.

Bjarni Benediktsson

Offshore Króna Bill Passed in Parliament

A bill submitted before parliament Friday afternoon by Finance Minister Bjarni Benediktsson regarding so-called offshore króna accounts was passed late last night with 47 members of parliament voting for it.

Sigmundur Davíð Gunnlaugsson

Silence Over PM’s Business Controversy

Prime Minister of Iceland, Sigmundur Davíð Gunnlaugsson, has been keeping quiet about his wife’s business dealings, amid claims the issue is causing a major rift within the coalition government.

Glitnir

Claimants of Collapsed Banks Accept Terms

The claimants of the collapsed Icelandic banks have agreed to the conditions introduced by the government of Iceland in order to guarantee economic stability when the capital controls—which have been in place since the banking collapse in 2008—will be lifted.