Imminent currency restriction legislation

A series of parlia­ment­ary bills on the lift­ing of cur­rency restricti­ons in Ice­land are ne­ar­ing completi­on and will be put before the Icelandic Parlia­ment (‘Alþing­i’) before the sum­mer recess.

This was the announcement made yester­day by Iceland’s Mini­ster for Fin­ance and Economic Affairs, Bjarni Bene­dikts­son. Th­ere are plans to ext­end the cur­rent parlia­ment some way into June.

Work on this leg­islati­on is at a very advanced stage, accord­ing to Bene­dikts­son. “The bills are now gett­ing their final ‘read-throug­h’. I cannot give an exact date for when I shall be present­ing the texts to the Ca­binet, but all my staff are work­ing tow­ards completi­on as soon as possi­ble.”