Verðmuninum
Verðmuninum, also known as the "Price Support Fund," is a financial mechanism established in Iceland to stabilize domestic food prices and ensure food security. The fund operates under the authority of the Icelandic government and was introduced in response to the economic crisis of 2008–2009, which led to significant price volatility in essential goods, particularly food imports.
The primary objective of Verðmuninum is to mitigate the impact of price fluctuations on consumers by providing
Verðmuninum is managed by the Icelandic Food Agency (Matvælaefnið), which oversees its operations and ensures compliance
The effectiveness of Verðmuninum has been a subject of debate. Supporters argue that it provides a critical
Since its establishment, Verðmuninum has played a role in stabilizing food prices during various economic challenges,