16 June 2016

About the foreign currency auction

Central Bank of Iceland

On 25 May 2016, the Central Bank of Iceland advertised for offers to sell assets registered in Icelandic krónur in return for cash payment in foreign currency. More specifically, the Bank offered to buy krónur classified as offshore króna assets according to the definition in Act no. 37/2016. Between 10:00 hrs. and 14:00 hrs. today, owners of offshore krónur submitted offers for the sale of their domestic assets and the purchase of foreign currency. The offers will be reviewed over the days to come.

As has previously been announced, the Central Bank will publish the auction results on its website no later than at 9:00 hrs. GMT on Wednesday 22 June 2016. 

No. 16/2016
16 June 2016