SUBSCRIBERS
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s Xi lands in Serbia after talking Ukraine, trade in France
Stormy Daniels details alleged sex with Trump at hush money trial
Indian vote body tells X to remove Modi party video targeting Muslims, opposition
Inflation-hit Argentina has a new top banknote, worth just US$10
Trade between Singapore and Asean was at S$295.6 billion in 2023
One out of every 24 New York City residents is a millionaire