Undirlagsins

Undirlagsins, also known as the Icelandic National Bank, is the central bank of Iceland. Established in 1961, it is responsible for maintaining price stability, promoting financial stability, and managing the country's foreign exchange reserves. The bank operates independently from the government and is governed by a board of directors appointed by the Althing, the Icelandic Parliament.

Undirlagsins plays a crucial role in the Icelandic economy by implementing monetary policy, which includes setting interest rates and managing the country's money supply. The bank also supervises and regulates the financial sector, ensuring that banks and other financial institutions operate within safe and sound practices. This includes setting capital requirements, liquidity ratios, and other regulatory standards.

In addition to its monetary and regulatory functions, Undirlagsins provides financial services to the government, including managing government debt and issuing government securities. The bank also plays a key role in the international financial system, participating in various international financial institutions and committees.

Undirlagsins is headquartered in Reykjavik, the capital of Iceland. The bank's primary goal is to support the economic stability and growth of Iceland by maintaining a stable and predictable monetary policy. Through its various functions and responsibilities, Undirlagsins contributes significantly to the overall economic health and development of the country.