The collapse of the Icelandic króna for the past weeks is so significant that it imbalances the national economy. The Central Bank of Iceland has therefore been given permission from the Prime Ministry to lock the currency of the ISK.
The goal with these actions is to support the appreciation of the ISK and achieve stability in currency and pricing matters. At the same time, the Central Bank is trying to speed up the subsidence of the inflation. Strengthening the country’s currency reserves with the loan from Russia, will also encourage that development.
Rumors have been circulating saying that all the Icelandic banks went in fact bankrupt this past few weeks and that the governement is trying to hide it.
We’re all very worried here. Mainly because we all earn and hold Monopoly money right now…
