Iceland’s Sighvatsson calls for gradual removal of capital controls
Arnór Sighvatsson, the deputy governor of the Central Bank of Iceland, on 7 October said restrictions on movement of capital to and from Iceland were hurting the Icelandic economy and would be carefully removed.
"Such controls distort economic incentives, lead to lost business opportunities, discourage foreign investment; are costly and inconvenient for the public and private sector alike; and are a breeding ground for illegal activity aimed at circumvention," Sighvatsson said.
Sighvatsson said
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