Meginmál

Results of foreign currency auctions

Results of foreign currency auctions

NOTE: This article is from 24. June 2014 and is therefore more than 5 years old.

On15 May 2014, the Central Bank of Iceland offered to purchase euros in exchangefor Icelandic krónur for long-term investment in the Icelandic economy, or inexchange for payment in Treasury bond series RIKS 33 0321. The Bank alsoadvertised for bids on the sale of Icelandic krónur for cash payment in foreigncurrency. The two euro purchase auctions took place between 9:30 hrs. and 10:30hrs. today and the króna purchase auction took place between 10:45 hrs. and 11:30hrs. The auctions were an element in the removal of restrictions on movement ofcapital as set forth in the Central Bank’s capital account liberalisationstrategy, published on 25 March 2011. Further information can be found in theCentral Bank of Iceland Terms of foreign exchange transactions according to theInvestment Programme for capital account liberalisation, with subsequentamendments, dated 18 November 2011.