Labour Federation Considers Paying Euros Skip to content

Labour Federation Considers Paying Euros

Discussions have been held at the Icelandic Federation of Labour regarding stipulations that would allow employees to negotiate parts of their wages to be paid in Euros. This would be done in response to fluctuations in the Icelandic krona against foreign currencies and would minimize risk for those Icelanders who have taken loans in foreign currencies. Fréttabladid reports this yesterday.

Icelanders are increasingly taking mortgages in foreign currencies, which can be costly when the rate of the Icelandic krona fluctuates as it has so far this year.

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