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Iceland-stand-by arrangement – Review under the emergency financing mechanism
PRESS RELEASE FROM THE ICELANDIC PM OFFICE: Today, the International Monetary Fund published a report: “Review Under the Emergency Financing Mechanism”. The review was part of the IMF’s Emergency...
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Credit card usage drops in Iceland
Credit and debit card use in Iceland has reduced considerably so far this year. Household credit card turnover rates dropped about 13.8 percent from January to May this year, whilst the debit card...
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Euro exchange rate reached over 180 ISK
According to the National Treasury of Iceland, locally known as Seðlabanki Ísland, the Euro (EUR) has reached over 180 Icelandic kronur. The exchange rate index is now at 233.23 according to the...
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Russia approves 64 billion ISK loan to Iceland
The Russian government has decided to approve a loan to the Icelandic government up to 64 billion Icelandic kronur (500 million USD). According to the Russian news source, Vedomosti, Assistant...
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