Quote from: preble on March 13, 2017, 03:36:30 AM

https://www.bloomberg.com/news/articles/2017-03-12/iceland-removes-krona-controls-more-than-eight-years-after-crash

Even though Iceland supposedly removes capital controls on the krona, they are buying up international krona to try to keep it stable at a set rate. I think the market should truly decide price which makes auroracoin a good alternative. When the next recession hits people will predictively flee to other alternatives and auroracoin will be there.

Here is a quote from article,

"The government also announced on Sunday that the central bank bought about 90 billion kronur ($834 million) at 137.5 krona per euro from remaining offshore holders of the currency to safeguard the economy against monetary, exchange rate, and financial instability. There now remains about 100 billion kronur in such holdings.
The krona traded at 114.95 per euro as of Friday.

Restrictions will still be in place for some of the funds that wont sell the central bank their offshore kronur at 137.5 per euro. They have another two weeks to complete the transactions, the central bank said."

What is interesting about this is that the market is 115 krona per euro, but the central bank wants 137.5 krona for every euro. Does anyone know why anybody would sell to the central bank at a 20% loss compared to market. And also how could the central bank pay in euros if the currency controls aren't lifted till Tuesday.