A2 Basic Other 74 Folder Collection
After playing the video, you can click or select the word to look it up in the dictionary.
Loading...
Report Subtitle Errors
Effective today, Iceland is gonna return to the international market.
The government announced that it would lift almost all of the remaining capital controls,
allowing its citizens, corporations, and pension funds full access to global capital markets.
That puts an end to an 8 year struggle to clean up after the 2008 banking collapse.
For more, let's bring in Bloomberg news reporter Omar Valdimarsson, he's in Reykjavík Forest.
Omar, great to have you on the program, so where will Iceland go from here?
Some signs, it seems that the economy of Iceland is doing pretty nicely thank you right now.
It sure is, thank you. And it would be interesting to follow the next few days for in terms of what would happen.
You'll see, whether we'll see a lot of volatility in the Krona, or whether Icelandic treasury bonds and the index bonds are gonna be
very volatile, and what traders are gonna do about it.
So it's starting to kind of be an interesting time to follow.
Do you think that, obviously the treasury in Iceland are fully prepared for that kind of volatility that might come in,
and I suppose really what the market wants to know is,
is this absolute removal, complete removal of all capital controls?
Money free in, money free out.
Not completely. There are some roadblocks.
Iceland started with the try to prevent the unification of the candidate,
which basically had a lot to do with the collapse in 2008.
And there are some remnants that are still left in the process
for US funds are still locked in the capital controls, but they have about two weeks to negotiate with the government if they want to get out in this go.
It seems amazing 8 years after the crisis, Omar, seems amazing now that the government
hopes that these moves the removal of these capital controls will ease pressure on the currency to appreciate
what has been driving that currency so much stronger over recent ten months.
Well, tourists arrivals have been astronomical in Iceland.
We've gone from about 500,000 tourists to a projection of 2.3 million this year.
And you know, there's only 340,000 people living here, so that just puts a huge pressure on a lot of services and lost of period(?) instead of being ______ island(?)
And obviously, in return, the currency is well.
    You must  Log in  to get the function.
Tip: Click on the article or the word in the subtitle to get translation quickly!

Loading…

Iceland Ends Capital Controls to Help Economy Recover

74 Folder Collection
Colleen Jao published on March 15, 2017    Colleen Jao translated    reviewed
More Recommended Videos
  1. 1. Search word

    Select word on the caption to look it up in the dictionary!

  2. 2. Repeat single sentence

    Repeat the same sentence to enhance listening ability

  3. 3. Shortcut

    Shortcut!

  4. 4. Close caption

    Close the English caption

  5. 5. Embed

    Embed the video to your blog

  6. 6. Unfold

    Hide right panel

  1. Listening Quiz

    Listening Quiz!

  1. Click to open your notebook

  1. UrbanDictionary 俚語字典整合查詢。一般字典查詢不到你滿意的解譯,不妨使用「俚語字典」,或許會讓你有滿意的答案喔