Iceland could soon ease capital controls

Capital controls on the Icelandic kronor can start to be removed towards the end of 2009, according to Svein Harald Oygard, governor of the central bank in Iceland, June 2009, but in the long run a new currency regime should be devised.

Website: Central Bank of Iceland http://www.sedlabanki.is/

Central Bank of Iceland: Press Release, 4.6.09: Statement of the Central Bank of Iceland Monetary Policy Committee: Continued monetary easing conditional on favourable exchange rate developments http://www.sedlabanki.is/?PageID=287&NewsID=2149

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