The incoming administration of Prime Minister Kristrún Frostadóttir, which takes over on Sunday, also said it will set up a panel of experts to look into the advantages and disadvantages of retaining the Icelandic crown over adopting the Euro.

    • socsa@piefed.socialEnglish
      3·
      10 months ago

      It’s already a pretty cashless society (at least it was as a tourist) so the switch to the Euro would be pretty easy.

      • wolfpack86@lemmy.worldEnglish
        5·
        10 months ago

        Discussions on retaining ISK over the euro are not based on how difficult it is to swap the currency or change systems that use cash.

        It’s about retaining control over monetary policy, which is centrally decided in the eurozone.