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Iceland Abrogates Cash Movement Restriction!

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ICELAND GOES BACK TO FINANCIAL NORMALITY.

The prime minister, finance minister and central bank governor declared that the economy goes back to normality and there is no needed for cash movement restriction.
After Iceland’s biggest banks collapsed during the financial crisis, the government took some economic measures.

The restrictions were put in place to prevent panicked foreign investors from taking their money out of Iceland; nevertheless, thanks to tourism and investment, the economy recovered.

Source: Euronews

Date: 20 March 2017

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