Conditions for lifting capital controls ‘could hardly be better' – Guðmundsson
Strong economy and stable financial system lay ground for liberalisation
The Icelandic economy is in good shape to press ahead with the lifting of capital controls, according to Central Bank of Iceland governor Már Guðmundsson.
"As the domestic economy and financial system strengthen, the likelihood of capital flight will decline," Guðmundsson said in the introduction to the central bank's latest financial stability report, published April 20. "In this respect, conditions for liberalisation could hardly be better than they are now."
The winding-up of the failed banks
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