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Examples
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Compared with stellar gains posted by the likes of the Brazilian real, which has soared 18% this year, and the Icelandic krona, which is up around 15%, the rise in Asian currencies has been much more modest.
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The value of the Icelandic krona fell by half in 2008.
Iceland to Install Lesbian Prime Minister amid Financial Collapse, Toppled Government 2009
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The biggest priority, it said, is stabilizing the Icelandic krona, which -- after the collapse of the country's banking sector -- saw its value tumble by more than two-thirds on foreign-exchange markets.
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I'm sure if the Germans will take Icelandic krona for them, we'll take plenty!
"It was supposed to be a homage to the American lifestyle and the new U.S. President." Ann Althouse 2009
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"From a longer-term perspective, there is no doubt that the trend is negative for the Icelandic krona, both against the euro and the U.S. dollar," said Henrik Gullberg,
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Other currencies at risk are the Turkish lira, South African rand and Icelandic krona, analysts say.
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A helping hand would also support the ailing Icelandic krona, which through last week had lost 40% of its value against the euro for the year.
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The Icelandic krona, under pressure all year, wilted this month when the three banks that make up nearly the entire Icelandic financial system collapsed and were seized by the government.
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The moves came a day after trading in shares of major banks was suspended, the Icelandic krona lost a quarter of its value against the euro, and the government rushed through emergency
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The moves came a day after trading in shares of major banks was suspended, the Icelandic krona lost a quarter of its value against the euro, and the government rushed through emergency
WN.com - Articles related to The World-Wonder of modern Bank Profit Making 2010
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