Iceland is ready to drop final capital controls – Guðmundsson
Icelandic governor says economy is sturdy enough to allow the removal of the remaining controls
Central Bank of Iceland governor Már Guðmundsson said the economy is in good enough shape for the government to allow the removal of the last remaining capital controls, a legacy of the 2008 crisis.
Speaking at the launch of the central bank’s latest annual report, Guðmundsson highlighted the economy’s “robust” GDP growth and full employment. “The central bank is of the view that the economic preconditions are in place to take the final step towards full capital account liberalisation,” he said
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