Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies

The CBI's largest pur­chase of for­eign cur­rency since Feb­ru­ary 2017

The Icelandic króna strengthened against the Euro in June, but weakened against the US dollar. Out of 18 trading days in June, CBI intervened in the market six days, buying euros.
8 July 2021 - Landsbankinn

In total, CBI bought euros for ISK 18.2 bn, which is the largest purchase in one month since February 2017. Despite these purchases, the CBI's net sale of foreign currency since the beginning of the covid-19 epidemic are ISK 152bn, or about 18% of the CBI foreign reserves at the beginning of the epidemic.

The CBI's largest purchase of foreign currency since February 2017

You may also be interested in
Landsbankinn
21 August 2026
Landsbankinn changes interest rates
Landsbankinn changes deposit and lending rates. The interest rate changes enter into effect on Thursday, 27 August 2026, with the exceptions specified below.
19 August 2026
Family fun, music and magic on Culture Night
Reykjavík Culture Night will be celebrated in the city centre on Saturday, 24 August. Landsbankinn has been a proud participant and pillar of the Culture Night festival since its inception and the programme is as varied and exciting as ever.
18 August 2026
140 and 70 year anniversaries of Landsbankinn and TM - come celebrate with us!
Landsbankinn celebrates its 140 year anniversary and TM turns 70 this year. We invite you all to mark the occasion with us in Landsbankinn branches around the country on Thursday, 20 August at 14:00-16:00.
Austurbakki
4 August 2026
Corrections relating to double-booked transactions
Unfortunately, many customers experienced double-booking of transactions on their payment cards before the weekend. These have now been corrected but we are still working to review and correct any costs that may have been associated with these transactions.
Austurbakki
31 July 2026
Double-booked payment card transactions
Duplicate card transactions have now been corrected. In some cases, they may still be visible on credit card statements; however, this does not affect available credit and the statements will be updated shortly.
27 July 2026
Landsbankinn advisor to Blue Lagoon
Landsbankinn Corporate Finance acted as advisor to the Blue Lagoon hf. in its acquisition of Arctic Adventures hf. and increased investment in three geothermal lagoons.
13 July 2026
Landsbankinn Corporate Finance oversees Styrkás listing
Landsbankinn Corporate Finance has been engaged to manage the listing of Styrkás hf. on the Main Market of Nasdaq Iceland. This is an important project, both for Landsbankinn and the domestic equity market in general.
Austurbakki
9 July 2026
Landsbankinn advises Coripharma on ISK 3.4 billion convertible bond offering
Landsbankinn Corporate Finance acted as advisor to the domestic pharmaceutical company Coripharma and managed the recent issuance of convertible bonds in the company, raising ISK 3.4 billion in total.
Nicetravel
8 July 2026
Landsbankinn advises on the sale of Nicetravel
Landsbankinn Corporate Finance acted as advisor to the sellers on the sale of 100% of shares in Nicetravel ehf., one of the leading operators of organised small-group tours for visitors to Iceland. The company was acquired by a group of domestic investors.
19 June 2026
Laufey Rún Ketilsdóttir to Landsbankinn
Laufey Rún Ketilsdóttir has joined the new Media & Research department at Landsbankinn as a communication and PR specialist. The department plays a key role in ensuring coordinated and strategic information disclosure from the Bank.