Search results
Results from the WOW.Com Content Network
The value of the Icelandic krona dropped, and on 7 October 2008 the Icelandic Central Bank attempted to peg it at 131 against the euro. [10] This peg was abandoned the next day. [ 11 ] The krona later dropped again and to 340 against the euro before trade in the currency was suspended [ 12 ] (by comparison, the rate at the start of 2008 was ...
Iceland: Icelandic króna: 1922–present Replaced Danish krone. Norway: Norwegian krone: 1875–present Replaced Norwegian speciedaler. [1] Sweden: Swedish krona: 1873–present Replaced Swedish riksdaler [1]
Iceland is the second biggest fisheries nation in the North East Atlantic behind Norway, having overtaken the United Kingdom in the early 1990s. Since 2006, Icelandic fishing waters have yielded a total catch of between 1.1m and 1.4m tonnes of fish annually, although this is down from a peak of over 2m tonnes in 2003. [47]
The goal of Iceland in this market intervention was to stem capital outflows, to restore confidence in the Icelandic economy, thus, stabilizing the krona. In 2008, IMF approved $2.1 billion, 2-year loan to Iceland. The purpose of the loan was to help revive the economy to allow the Icelandic krona to gain value.
"Today, we're going to give it an insurance valuation of $150,000 to $200,000," said appraiser Allan Katz on "Antiques Roadshow." "That's extraordinary," said the tooth's owner. Ain't that the tooth!
Icelandic police will close once again close the town of Grindavik at 4pm today - after residents were let in for five minutes to retrieve valuables. Local media reported 30 minutes later the town ...
The Icelandic financial crisis was a major economic and political event in Iceland between 2008 and 2010. It involved the default of all three of the country's major privately owned commercial banks in late 2008, following problems in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.
Photos show Icelandic volcano erupting for 10th time in 3 years Lava spurts and flows after the eruption of a volcano in the Reykjanes Peninsula near Grindavik, Iceland, in this handout picture ...