‘Severe’ risks around lifting capital controls, Icelandic report warns

Central Bank of Iceland
Central Bank of Iceland

If appropriate measures are not taken before lifting capital controls, Iceland runs the risk of "severe instability" in the foreign exchange market, according to the Central Bank of Iceland's latest financial stability report, published yesterday.

The central bank identified capital account liberalisation as one of the "main threats" to stability currently facing the country, although policy-makers have made clear that controls will not be lifted until data implies the economy is ready for it.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: