Laws and rules on foreign exchange

The Rules on Foreign Exchange have been reviewed and amended several times. The amendments have aimed primarily at closing loopholes in the original Rules. Act no. 127/2011 (which amends the Foreign Exchange Act, the Customs Act, and the Act on the Central Bank of Iceland) incorporates the Central Bank’s previously issued Rules on Foreign Exchange into the law.


The following laws and rules are translations of the authoritative Icelandic texts. In the event of any discrepancies between the translations and the original Icelandic texts, the original texts shall prevail.

 

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