According to Morgunblaðið newspaper, Iceland’s national debt has decreased by 309 billion ISK as of 2012 and now counts 1,403 billion ISK.
The Treasury repurchased 54 billion ISK, or around 10 percent, of its own bonds denominated in US dollars during the first quarter of 2015. Leaving the outstanding debt in the bond series at 68 billion ISK (593 USD). The repurchase is an element in the Treasury’s liquidity and debt management strategy.
Read more: The Current State of the Icelandic Economy
The national debt could decrease even further should the government’s plans to abolish the current foreign exchange controls come into being.
According to Morgunblaðið newspaper, Iceland’s national debt has decreased by 309 billion ISK as of 2012 and now counts 1,403 billion ISK.
The Treasury repurchased 54 billion ISK, or around 10 percent, of its own bonds denominated in US dollars during the first quarter of 2015. Leaving the outstanding debt in the bond series at 68 billion ISK (593 USD). The repurchase is an element in the Treasury’s liquidity and debt management strategy.
Read more: The Current State of the Icelandic Economy
The national debt could decrease even further should the government’s plans to abolish the current foreign exchange controls come into being.
