Use of new 10,000 kr. Banknote in 2013
The new 10,000 kr. banknote launched on 24 October 2013 has been well received, and some 550,000 notes valued at about 5.5 b.kr. are now in circulation outside the Central Bank. As of year-end 2013, 10,000 kr. banknotes account for about 12.5 per cent of the value of all notes in circulation. About 44.2 b.kr. in banknotes are currently in circulation in Iceland, and circulating banknotes and coin combined are valued at 47 b.kr., an increase of 1.9 b.kr., or 4.2%, during the year.
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Drómi, ESÍ, and Arion Bank conclude settlement agreements - Drómi settles with Arion, which acquires Drómi and Hilda’s household loans
The Central Bank of Iceland Holding Company (ESÍ), Hilda ehf. (a subsidiary of ESÍ), Drómi hf. (the asset portfolio of SPRON and Frjálsi), and Arion Bank have reached an agreement concerning ESÍ/Hilda’s takeover of specified Drómi assets and liabilities and the settlement of Arion Bank’s claim against Drómi.
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Financial interactions between the Central Bank of Iceland and the Treasury
The Central Bank of Iceland and the Ministry of Finance and Economic Affairs have negotiated an extension of the maturity date of the bond issued by the Treasury at the end of 2008 to strengthen the capital position of the Central Bank in the wake of the banks’ collapse.
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The minutes of the MPC
Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meetings held on 9 and 10 December. There, the Committee discussed economic and financial market developments, the interest rate decision on 11 December, and the communication of that decision.
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