- 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.