March 9, 2006 - Iceland Review Skip to content

March 9, 2006

Another day of turmoil in the Icelandic markets

Icelandic króna and Icelandic equities depreciated sharply yesterday after Merrill Lynch published a report critical of the Icelandic banks. Domestic reports of a higher than expected current account deficit in 2005 also contributed to the correction. The banks’ reaction was mixed.

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