You are here

Iceland embarks on delicate task of lifting capital controls

Govt wants to prevent exodus of money which will destabilise currency
Wednesday, June 10, 2015 - 05:50

Iceland's capital controls, imposed after its three main banks imploded in 2008, were meant to last six months. Instead, they have lasted almost seven years.


AFTER Iceland imposed capital controls during the global financial crisis, the move helped stabilise the country's banking system, putting the economy on a path to recovery.

As Iceland now unwinds those controls nearly seven years later, the government is trying to

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom