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Iceland CenBank To Buy Euros For T-Bills

The Central Bank of Iceland has offered to exchange euros for Treasury bonds.

The Central Bank of Iceland has offered to exchangeeuros for Treasury bonds. The bank will purchase €64 million against payment in Treasury series RIKS 30 0701.

The central bank has invited primary dealers to act as intermediaries for the transactions. The exchange is part of the bank’s strategy to reduce capital controls, adds Bloomberg.

Click here for the release from Central Bank of Iceland.

Click here for the additional coverage from Bloomberg.

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