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Am I legally entitled to take posession of Iclandic Krona?
I am an American citizen living in Italy.
A few years ago I bought an Icelandic bond through my investment broker and in that time the Icelandic Krona was greatly devalued.
There appears to be a law now that forbids foreigners (me) from holding Icelandic Krona.
I would like to have the Icelandic currency in hand and use it to purchase some goods in Iceland, but my investment house says this is not permitted.
Is this true?
How can I legally take possession of the Icelandic Krona?
2 Answers
- ?Lv 79 years agoFavorite Answer
I think the rule is that they cannot give you more than 500,000 krona/month which means about $4000/month. Just open a bank account in Iceland and deposit the money there....
- Anonymous9 years ago
the moment of buying lays before the law, the new law regime may not use on older cases
was you on the moment you boufht the product an US person or not can be helpful to solve this case