Foreign exchange transactions by the Central Bank of Iceland

Since the interbank foreign exchange market was reinstated,  the Central Bank
of Iceland has significantly reduced its foreign exchange trading. During the
period from December 4 through December 31, the Bank sold 12.6 million euros
and received 1.5 million euros, yielding a net sale of 11.1 million euros. The
bulk of this amount, some 10.8 million euros, derives from interest on Treasury
notes owned by non-residents, which may be exchanged for foreign currency.
Therefore, the Central Bank actually conducted a negligible amount of foreign
exchange trading during this period of time.