Offshore króna market trading thinly

The country's central bank, Sedlabanki, relaxed capital controls, enabling certain companies to begin converting króna funds into foreign currencies from December 16 (see box, page 8). The controls were initially introduced to stabilise the króna at the end of November, prohibiting the exchange of króna funds for foreign currencies (FX Week, December 8).

"There was an immediate reaction with a surge of cashflows, as a lot of money had been trapped in the króna, but the offshore market is still

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: