Iceland consultant: No Faith in Small Currencies Skip to content

Iceland consultant: No Faith in Small Currencies

Mats Josefsson, a Swedish economics advisor to the government in restoring the financial system, says he cannot see how Iceland can maintain its currency, the ISK, in the future, visir.is reports.

Josefsson says it is his personal opinion that small currencies can create economic problems and that this does not only apply to small currencies like the ISK but also the currencies of other small nations like Denmark and Sweden.

When Josefsson looks at the future he cannot see how these countries can maintain their own currencies. He says that many positive qualities come with having large and strong currencies.

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