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Iceland embarks on delicate task of lifting capital controls

Govt wants to prevent exodus of money which will destabilise currency

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

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