Main content

Iceland Lifts Capital Controls

The Minister of Finance says the kr贸na could become pegged to the Euro.

The new Icelandic Government is lifting capital controls which have been in place since the financial crisis of 2008. The Finance Minister says that the country is looking into the possibility of pegging the kr贸na to a foreign currency, potentially the euro, to further protect the economy from exchange rate fluctuations.

Narendra Modi's party has won a landslide victory in one of India's key states, a boost for the prime minister halfway through his first term. The Bharatiya Janata Party took control of northern Uttar Pradesh state - India's most populous - with the biggest majority there since 1980. The victory will allow Modi to press ahead with controversial labour and farming reforms.

Our regular commentator Michael Hughes looks ahead to interest rate decisions in the US and UK this week.

And the Catholic Church tells a technology conference in Texas that it wants to see artificial intelligence act with compassion and forgiveness.

(Photo: An Icelandic flag flies over the Myrdalsjokull glacier. Credit: EMMANUEL DUNAND/AFP/Getty Images)

Available now

23 minutes

Last on

Mon 13 Mar 2017 01:06GMT

Broadcast

  • Mon 13 Mar 2017 01:06GMT