As ISK interest rates were extremely high | zocenojcseのブログ




As ISK interest rates were extremely high (up to 14%) the interest rates on the foreign currency indexed loans carried much lower interest rates. At the time the financial institutions were pushing the foreign currency loans very aggressively as they transferred the currency risk to the consumer. This went on for about nine years and all the time it appears that offering loans in foreign currency was, after all, illegal.

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