Is now the time to buy into the Icelandic Crona?

[Mega]

Can it fall any more?
15% rates
£ going to Crash & Burn very soon.
Iceland now run by a Butch Lesbo

Your Thoughts Ej/Fred?
Mike

[tragoudistis]

Re: Is now the time to buy into the Icelandic Crona?

Better to buy euro.:p
Crona go to hell...

[Master Shake]

Re: Is now the time to buy into the Icelandic Crona?

Can it fall any more?
15% rates
£ going to Crash & Burn very soon.
Iceland now run by a Butch Lesbo

Your Thoughts Ej/Fred?
Mike

One, it's Krona. Two, is any fiat currency worth buying into? Three, although she's old, I'd say in her prime she was more of a lipstick lesbo, than a butchie.

[pwcmba]

Re: Is now the time to buy into the Icelandic Crona?

They still have an Icelandic Krona? I thought it went the way of the Zimbabwe dollar.:eek:

http://www.commodityonline.com/futur...dead-2219.html

http://news.bbc.co.uk/2/hi/africa/7859033.stm

[D-Mack]

Re: Is now the time to buy into the Icelandic Crona?

They still have an Icelandic Krona? I thought it went the way of the Zimbabwe dollar.:eek:

http://www.commodityonline.com/futur...dead-2219.html

http://news.bbc.co.uk/2/hi/africa/7859033.stm

I don't know how it works , but the ECB doesn't publish a rate for ISK anymore

Icelandic krona - The last rate was published on 3 Dec 2008.
http://www.ecb.eu/stats/exchange/eur.../index.en.html

The International Monetary Fund (IMF), which came to Reykjavik's rescue in November with a loan of 2.1 billion dollars, has forecast the island's economy will contract by 10 percent this year -- a dire scenario for Icelanders.

---


At the same time, the Icelandic krona, which lost 44 percent of its value last year, is struggling to gain back ground. On Tuesday, one euro was trading for 168 kronur, while one dollar was worth 129 kronur.

The exchange rate is a catastrophe for Icelanders who took out loans in foreign currency, as their debt has suddenly ballooned.

Despite the grim numbers, "basically the good signs are still there, inflation is slowing down, the exchange rate is stable," Franek Rozwadowski, the IMF's resident representative in Iceland, told AFP.


....
http://news.id.msn.com/business/arti...mentid=3208242

[nero3]

Re: Is now the time to buy into the Icelandic Crona?

I think it could be smart.

[metalman]

Re: Is now the time to buy into the Icelandic Crona?

I think it could be smart.

smart how?

[cjppjc]

Re: Is now the time to buy into the Icelandic Crona?

smart how?

Well as you can clearly see the situation is like 42-43 in Uruguay. Also like 1904-1905 in Trinidad.

[metalman]

Re: Is now the time to buy into the Icelandic Crona?

Well as you can clearly see the situation is like 42-43 in Uruguay. Also like 1904-1905 in Trinidad.

or like yugoslavia 1993-94?

or was it hungary 1945-46?

[cjppjc]

Re: Is now the time to buy into the Icelandic Crona?

or like yugoslavia 1993-94?

or was it hungary 1945-46?

I was actually at that filming in 88-89