....For the past year, the government and Central Bank of Iceland have been lifting controls through what they say has been an "incremental, measured process that focused on protecting the currency, addressing a balance of payments problem and tempering shocks to the Icelandic economy". The country has also updated rules on foreign exchange and made special reserve requirements for new foreign currency
[Read full article on BBC
Sunday 12th of March 2017 03:14:37 PM
.... Unfortunately, as many have pointed out, there is a loose screw in this logic, which is that the US has a floating exchange rate. A stronger dollar – a likely result of imposing a border adjustment tax – makes it cheaper for Americans to buy imports (because a dollar buys more foreign currency
); conversely, a stronger dollar makes US exports more expensive to foreigners. ...
[Read full article on Guardian
Thursday 9th of March 2017 11:53:54 AM