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View Full Version : Iceland to Increase Foreign Currency Purchases to Cap Krona - Bloomberg



NewsWhore
07-30-2012, 09:00 PM
Iceland to Increase Foreign Currency Purchases to Cap Krona (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHCpieqU7iOsrjpqcwdLKfEztNnxQ&url=http://www.bloomberg.com/news/2012-07-30/sedlabanki-to-increase-regular-purchases-of-foreign-currency-2-.html)
Bloomberg
Iceland's central bank is increasing purchases of foreign currency to cap gains in the krona as it works to unwind capital controls in place since the island's banking meltdown in 2008. The bank, which had purchased 500000 euros ($612650) every Tuesday ...

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