Iceland disappoints investors
Steps towards liberalising capital controls in Iceland failed to have a lasting effect on the market, as investments made before the introduction of the controls last December remain trapped in the country.
On October 31, the central bank of Iceland, Sedlabanki, lifted controls on sales proceeds from investments made after November 1, provided the investments have been registered with the central bank. This will enable it to track inflows and strengthen the foreign exchange reserves through
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