08 October 2008
Foreign exchange market
Measures designed to create stability concerning a realistic exchange rate for the króna are still in progress. Today, as yesterday, the Central Bank of Iceland will conduct interbank market transactions at 131 kr. per euro. Yesterday the Bank sold 6 million euros for 786 million krónur. This does not mean that the exchange rate has been fixed; it only means that the Central Bank considers the low ISK exchange rate that has developed in the recent term unrealistic. The Bank requests that market makers in the interbank market support its attempts to strengthen the króna.
No. 34/2008
October 8, 2008