“Capital controls are expected to remain in place in Iceland until 2015, according to the country’s central bank. The restrictions have had a profound effect on the asset allocation of Icelandic pension funds, leaving them only limited room to manoeuvre, as they are unable to make new investments in assets denominated in foreign currencies. As a result, the asset allocation of Icelandic pension funds today largely consists of government guaranteed paper and bank deposits. The central bank had introduced measures to temporarily restrict currency outflows following the country’s banking crisis in 2008.”
http://www.ipe.com/icelandic-capital-controls-to-remain-until-2015-central-bank/40226.fullarticle
(Visited 28 times, 1 visits today)
Related posts:
How Do You Mine for Bitcoins?
IRS Backs Down: Michigan Forfeiture Cases Voluntarily Dismissed
Microsoft Removes Glowing Mention of ICE Contract After Protests
Wary Swiss Banks Shun Americans
Federal Program Supplies Surplus Military Gear to Schools
EU has secret plan for police to 'remote stop' cars
What does a police state look like?
Allentown PA Subway Accepts Digital Currency Bitcoin
Satellites to bring cheap, multi-gigabit Internet speeds to 3 billion people
Federal Reserve leaning toward more stimulus
He Struck It Rich in Ecuador. Now He’s Looking for the Lost Cities of Gold
Occupy activists sue Los Angeles over harsh treatment from police
Analysts: 'Gold miners drop over 50% with no bottom in sight'
Online sales tax to be added to National Defense Authorization Act
Commodity Rout Worsens as Prices Tumble to Lowest Since 2002