iceland may peg crown to euro
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Iceland may peg crown to euro

Egypt Today, egypt today

Egypt Today, egypt today Iceland may peg crown to euro

Iceland's President Gudni Johanesson
Stockholm - Arab Today

Iceland is considering pegging its crown to a major currency, most likely the euro, its finance minister said on Saturday, amid concerns the small North Atlantic nation’s economy risks overheating.
Nearly a decade after a crash that brought down its banking system, Iceland has bounced back as increasing numbers of tourists flock to its geysers.
But worries about overheating have increased. Economic growth was 7.2 percent last year while the crown gained around 15 percent against the dollar. The currency, though volatile, is little changed since then.
Among options being considered by a committee tasked with evaluating monetary policy is a currency peg, a Finance Ministry spokesman said.
Finance Minister Benedikt Johannesson said three currencies might be considered for that — the dollar, pound and euro. However, the euro was “the only realistic option,” he told Reuters via e-mail.
Despite the sky-high growth rate, Icelandic inflation has remained subdued, held in check by the strong currency and tight monetary policy.
Iceland lifted the last of its capital curbs in March, ending more than eight years of controls on businesses and citizens put in place after the banking collapse.
The government also plans to hike taxes on the booming tourism sector while cutting general value-added taxes (VAT), aiming to bring down inflation and possibly pave the way for an easing of monetary policy.

Source: Arab News

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iceland may peg crown to euro iceland may peg crown to euro



GMT 10:43 2014 Friday ,14 March

Blast in northwest Pakistan kills 7

GMT 20:30 2017 Friday ,10 February

Valentino Couture,Spring 2017-2018

GMT 19:23 2015 Saturday ,26 December

2 killed, 60 inured as strong earthquake jolts Pakistan

GMT 11:38 2017 Tuesday ,25 April

Saqr presses charges against 10 Lebanese, Syrians

GMT 07:22 2017 Wednesday ,03 May

Trump plays peacemaker, hosting Abbas

GMT 16:36 2017 Saturday ,18 February

Fair to partly cloudy weather for next two days

GMT 11:23 2012 Friday ,10 February

Refugees in Homs unsure of next step

GMT 12:56 2017 Thursday ,23 February

Second explosion in Lahore is tyre blowout

GMT 13:40 2012 Saturday ,18 August

I'm not wearing a veil, you behave!

GMT 11:50 2018 Saturday ,13 January

Ribery strikes as Bayern go 14 points clear

GMT 19:06 2011 Wednesday ,13 April

Impact from BP oil spill remains one year later

GMT 15:49 2018 Sunday ,07 January

Ski jumper Stoch completes Four Hills clean sweep

GMT 07:58 2016 Friday ,20 May

Puts Iranian cinema centre stage

GMT 05:48 2012 Friday ,21 September

Exercise may reduce anxiety

GMT 18:12 2014 Wednesday ,01 January

Cyber shopping fraud on Bahrain radio tomorrow

GMT 11:44 2014 Sunday ,07 December

New Lancôme makeup line

GMT 12:20 2017 Tuesday ,07 March

Fears campaign against constitutional amendments

GMT 08:42 2017 Monday ,04 December

HM King Hamad bin Isacongratulates Thai King

GMT 12:06 2017 Friday ,10 March

Vaccine created to protect Ebola-ravaged chimps

GMT 11:31 2017 Wednesday ,15 March

British unemployment hits 41-year low
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday