Iceland cbank intervenes anew as crown falls more

Iceland's central bank said on Jan. 25, 2001, it intervened in the local foreign exchange market for the second day in a row, buying one billion Icelandic crowns ($11.51 million) to halt the crown's recent slide.Iceland's inverted trade-weighted currency index rose further - meaning the crown weakened more - hitting a peak of 122.6 by 1330 GMT compared with a high of 122.58 on Jan. 24. At 1448 GMT, the index stood at 122.40.

The bank said in a statement on Jan. 24 it had sold about two billion