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Iceland central bank for auctions to repatriate offshore currency

The Central Bank of Iceland is preparing to repatriate offshore krónur in a step towards relieving ongoing capital controls following the banking crisis. Icelandic pension funds are going to offer up...

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Loophole in Iceland exchange controls closed by secretive bill

The Icelandic parliament late last night changed the law on currency exchange restrictions to close a loophole which had been discovered. Lawmakers were careful to keep their intentions secret until...

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