The Central Bank of Iceland has posted a press release on the foreign exchange market, exchange rate developments, and international reserves in 2023. The króna appreciated by 1.5% in 2023, and turnover in the interbank foreign currency market contracted by 37% year-on-year. The Central Bank intervened in the market twice during the year to mitigate exchange rate volatility. The Bank sold foreign currency for a total of 5.5 b.kr. but did not buy any foreign currency. The exchange rate of the króna fluctuated less in 2023 than in the years immediately preceding. At the year-end, the Bank’s international reserves totalled 790 b.kr., or 20% of GDP.
- Financial Supervision Committee
- About the Financial Supervision
- Regulated activities
- Supervision of anti-money laundering and combating the financing of terrorism
- Financial undertakings
- Pension funds market
- Insurance activities
- Electronic money and payment services
- Securities market and funds
- PRIIPs
- Other undertakings