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Overview of the Icelandic FX market

Since the beginning of the year, the Icelandic króna (ISK) has depreciated against the currencies of all our main trading partners, with the exception of the Swedish krona. In total, the ISK has lost 10% against the euro and 14% against the US dollar since last summer.

On Tuesday, removal of capital controls on holders of offshore krónur and reduction of special reserve requirement on capital inflows took effect. Some outflow seems to have followed, but the Central Bank intervened on the market and sold EUR 18m (ISK 2.5b) that day.

Icelandic FX market - March 2018

 

News and Notifications - 20 March 2019 09:16 AM

Beware fraudulent offers to recover stolen funds

Landsbankinn sees occasion to reiterate that the Bank does not partner with foreign companies or security consultants to recover fraudulently acquired funds. New cases have emerged where cyber criminals offer the victims of their fraudulent activity assistance under false pretences, claiming to work with Landsbankinn.


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Weekly bulletin - 18 March 2019 07:59 AM

Icelandic Economic Weekly: Monday 18 March 2019

The government surplus was 1.1% of GDP in 2018. Orkuveita Reykjavikur (OR; Reykjavík Energy) published its consolidated financial statements for 2018. The Government Debt Management Agency published its monthly Market Information report.


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News and Notifications - 15 March 2019 02:24 PM

New version of Landsbankinn’s General Terms and Conditions

Landsbankinn has published a new version of its General Terms and Conditions. This new version includes amendments to provisions on the processing of personal data, money laundering and terrorist financing, corporate online banking and payment cards.


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