Iceland: Central Bank of Iceland (Sedlabanki Islands)
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Iceland: Central Bank of Iceland (Sedlabanki Islands)
 
Physical Address
Kalkofnsvegi 1
150 Reykjavik
Iceland
Communications Details
Tel: 00354 569-9600
Fax: 00354 569-9605
Email: sedlabanki@sedlabanki.is
Website: www.sedlabanki.is

About the Central Bank of Iceland

The Central Bank of Iceland (Seðlabanki Íslands) is an independent institution, owned by the Icelandic state but under separate administration. The Central Bank is in charge of monetary policy implementation in Iceland.

In addition, the Central Bank undertakes standard central banking tasks, such as maintaining external reserves and promoting an efficient and safe financial system, including payment systems domestically and with foreign countries. It is also responsible for the issue of notes and coin, exchange rate matters and other duties.



General Information

Capital: Reykjavik
Population: 300 000
Language: Icelandic with English as the main business language
Time: GMT
Currency: Krona (1 Krona = 100 aures)
Inflation: 2.7%

Inflation Target: 2.5%



GDP (USDbn): 8.8



Exchange Rate:
Exchange rate 2 Dec 02ISK85.74/USD1.00
Exchange rate 3 Jan 03ISK81.22/USD1.00
Exchange rate 3 Feb 03ISK77.61/USD1.00
Exchange rate 3 Mar 03ISK77.53/USD1.00
Exchange rate 1 Apr 03ISK77.29/USD1.00
Exchange rate 2 May 03ISK74.20/USD1.00

Public Holidays:


Holiday

2003

2004

New Year's Day

1-Jan

1-Jan

New Year's Holiday

2-Jan

2-Jan

Maundy Thursday

17-Apr

8-Apr

Good Friday

18-Apr

9-Apr

Easter Monday

21-Apr

12-Apr

First Day of Summer

24-Apr

22-Apr

Labour Day

1-May

1-May

Ascension Day

29-May

20-May

Whitmonday

9-Jun

31-May

National Day

17-Jun

17-Jun

Bank Holiday

4-Aug

2-Aug

Christmas Eve

24-Dec

24-Dec

Christmas Day

25-Dec

25-Dec

Boxing Day

26-Dec

26-Dec

 
Category
Banks - Central & Reserve Banks
 
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