28 March 2012

Indication of possible minimum price

According to Article 4 of the Terms of Auction for the Central Bank of Iceland’s purchase of Icelandic krónur in exchange for foreign currency in the auction to be held today between 13:00 hrs. and 14:00 hrs., an indication of the possible minimum price in the auction will be published on the websites of the Central Bank and the market makers in the interbank foreign exchange market one-and-a-half hours prior to the auction. The possible minimum price indicated therein is 255 kr. per EUR.

It should be noted in particular that the above-specified indication of a possible minimum price is in no way binding upon the Central Bank, which reserves full right to decide the minimum price after the deadline for submittal of bids; cf. Article 4 of the Terms of Auction.