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Iceland embarks on delicate task of lifting capital controls
Govt wants to prevent exodus of money which will destabilise currency
Published Tue, Jun 9, 2015 · 09:50 PM
Reykjavik
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 prevent an exodus of money and keep the country from backsliding.
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