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At one point, I looked at buying the Icelandic Krona CDs through Everbank.com. The rate at the time (last year) was 14% and it was compounded as the Krona was beating the dollar. At the time, there was chatter about the long term viability of the Krona, and a 'shoulder shrugging' opinion that the Krona was OK, that Iceland had put it's prior troubles behind them and the high rates of interest were the Government's way of squashing inflation. The last time I looked, the rates were down to about 5%...
Oct 28 15:58 pm
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All Comments by Urbane Gorilla! »Adventures in Icelandic Monetary Policy [View article]
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