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http://www.bloomberg.com/apps/news?p...d=aVFtDRGwcc50
Luckily the US continues being able to lock the ROW into accepting its currency...
Wholesalers are demanding that importers pay before any goods are shipped, said Knutur Signarsson, head of the Reykjavik-based Federation of Icelandic Trade. Under normal circumstances, wholesalers abroad would extend credit for 30 to 90 days, he said.
``Many of them ask us to pay cash before they send the goods to Iceland,'' Signarsson said. ``Because of the situation, Iceland has become a country that no one trusts any longer.''
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...The cost of fruits and vegetables, nearly all of which are imported, have gone up about 50 percent in recent months
``Many of them ask us to pay cash before they send the goods to Iceland,'' Signarsson said. ``Because of the situation, Iceland has become a country that no one trusts any longer.''
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...The cost of fruits and vegetables, nearly all of which are imported, have gone up about 50 percent in recent months
Luckily the US continues being able to lock the ROW into accepting its currency...