Iceland Faces FX Debt Payback Risk, Sedlabanki Says

Iceland Faces FX Debt Payback Risk, Sedlabanki Says Play

Oct. 9 (Bloomberg) -- Sigridur Benediktsdottir, head of financial stability at Sedlabanki, Iceland's central bank, talks about risks facing the nation's economy including repayment of foreign debt by private firms. Benediktsdottir said Iceland’s private sector is running out of cash to repay its foreign currency debt, a situation being exacerbated or made worse by the fact that the nation's current account is declining. She spoke with Bloomberg's Omar R. Valdimarsson in Reykjavik yesterday. (Source: Bloomberg)

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