Icesave Dispute “Over” Skip to content

Icesave Dispute “Over”

Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson has declared that the long-running Icesave dispute with the UK and the Netherlands is now officially over—taking the opportunity to congratulate Icelanders on a complete victory.

The PM made his announcement on Facebook, referring to a statement from the Central Bank of Iceland that it has granted three exemptions to currency controls to make payments under an agreement between the depositors’ guarantee fund and its British counterpart and the Dutch central bank.

Two of the three exemptions related to an ISK 9.5 billion (EUR 66.1 million/USD 75 million) payment from the estate of the old Landsbanki to the Dutch and British. The other exemption was for an ISK 20 billion (EUR139 million/USD 158 million) payment from the depositors’ guarantee fund and investors.

In a statement from the Icelandic guarantee fund (TIF), the chairperson says she is very happy that the fund was able to secure an agreement on the final payment of Icesave debt with a payment which was made manageably by the fund and is fair to all involved, RÚV reports.

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