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Icelandic Króna Weakening Again - Reykjavík Grapevine

Published October 11, 2018. The exchange rate of the Icelandic króna (ISK) against larger currencies is weakening, casting a shadow on upcoming collective bargaining negotiations and prompting concerns about inflation from the Central Bank. Leggi

Icelandic Króna keeps falling in value: Means you'll get more value for your Euros, Dollars - Iceland Magazine (press release)

The value of the Icelandic currency, the Króna, has been dropping on currency markets in recent weeks. Yesterday the value of the Króna fell 1.5% against the US Dollar and the Euro. The Króna has not been as cheap since August 2016. According to the ... Leggi

Iceland seeks financial crash closure with last prosecution - Associated Press (press release) (blog)

Johanna Thorvaldsdottir, a goat farmer, had a mortgage in a foreign currency — a common practice then because of the strength of the local currency and lower interest rates abroad — when the Icelandic krona lost nearly half of its value overnight ...altro » Leggi

A decade after financial collapse, Iceland faces a new economic crisis - Financial Post

The spillover from a tourism crisis could affect the whole economy, including “demand for labor, investments in hotels, the current account balance, the exchange rate of the krona, and so on,” said Gylfi Magnusson, an associate professor at the ...altro » Leggi

A decade after financial collapse, Iceland faces a new crisis - National Post

The spillover from a tourism crisis could affect the whole economy, including “demand for labor, investments in hotels, the current account balance, the exchange rate of the krona, and so on,” said Gylfi Magnusson, an associate professor at the ...altro » Leggi

The carrot and stick that completed Iceland's banking resolution - Euromoney magazine

“From the outside, nobody within the government or the CBI seemed to acknowledge that the country would never be able to support the Icelandic krona held by foreign creditors being exchanged for dollars and euros to pay them out,” says Asgeir Reykfjörd ...altro » Leggi

Iceland faces new challenge, 10 years on - Independent.ie

The spillover from a tourism crisis could affect the whole economy, including "demand for labour, investments in hotels, the current account balance, and the exchange rate of the krona," said Gylfi Magnusson, an associate professor at the University of ...altro » Leggi

Iceland Found Another Way to Clean Up a Financial Crisis - Bloomberg

Iceland did something else: It charged its bankers (and some government officials) with breaking the law, bringing more than 28 cases and 60 prosecutions. 2. 2. Devalue: The local currency, the kroner, was widely assumed to be a goner at the height of ...altro » Leggi

Crypto Cooldown: Iceland's Bitcoin Miners Turn to Blockchain Enterprise - CCN

The establishment of these enterprises was motivated in some cases by the impact of the 2008 financial crisis on the Icelandic economy which wiped 60% of the value from the Iceland krone, the local fiat currency. Bitcoin mining is so prevalent that the ...altro » Leggi

Countries where you can travel cheap, thanks to weaker currency - Onmanorama

The Northern Lights, a phenomenon that can be witnessed only in the northern latitudes, can be enjoyed from Iceland. Another highlight of an Iceland tour is that the costs are low. Paraguay. (One Indian rupee = 81.31 Paraguayan guarani). A landlocked ...altro » Leggi