Iceland poised to lift all capital controls

central-bank-of-iceland

Iceland is on the verge of full capital account liberalisation, the country's central bank said on Wednesday, citing a stronger currency, better fundamentals and access to the multilateral funding it needs.

The central bank said that it expected to take "first steps towards complete liberalisation of the capital account" following the third review of its stand-by arrangement with the IMF, due in late July. Reykjavik was forced to impose capital controls in November 2008, following the near colla

To continue reading...