07.10.2008
The Foreign Exchange Reserves of the Central Bank of Iceland bolstered

The Russian Ambassador to Iceland, Victor I. Tatarintsev, informed the Chairman of the Board of Governors of the Central Bank of Iceland this morning that Russia would grant the Central Bank a loan in the amount of 4 billion euros. The maturity is three to four years on terms in a range of 30 to 50 basis over libor. Prime Minister Putin has confirmed this decision.

The Icelandic Prime Minister initiated contacts concerning this agreement some months ago. Representatives from the Central Bank of Iceland and the Government will finalise the agreement in Moscow.

This loan significantly bolsters the foreign exchange reserves of the Central Bank of Iceland and thus underpins the stability of the exchange rate of the krˇna.

No. 31/2008

October 7, 2008


InflationMore »

Consumer prices, 12-month changes. Last value: 2,8%
Inflation target 2.5%

CBI's interest ratesMore »
CBI's interest rates
Overnight 5.25%
Loans against collateral 4.25%
Current account 3.25%
Exchange rateMore »
Currency 28.4.2011 Ch. *
USD 111.01 -1.10%
GBP 185 -0.50%
DKK 22.07 -0.02%
EUR 164.61 -0.01%
* Changes from last entry
Exch. Rate IndicesMore »
Exchange Rate Indices 28.4.2011 Ch. *
Narrow trade index** 218.03 -0.27%
* Changes from last entry
** The index has been recalculated so that, on January 2, 2009, it was assigned a value equivalent to that of the now-discontinued Exchange Rate Index.
Other interest ratesMore »
Penalty rates from 1.4.2011 11.25%
28.04.11 REIBID REIBOR
O/N 3.500% 3.750%
S/W 3.750% 4.000%
1 M 3.750% 4.250%
3 M 3.750% 4.000%
1 Y 3.500% 3.750%


ę 2002 Central Bank of Iceland - All rights reserved
Address: Kalkofnsvegi 1, 150 Reykjavik - E-mail: sedlabanki@sedlabanki.is
Tel.: (354) 569 9600 - Telefax: (354) 569 9605


Fontsize