Europe's Worst Currency Is Still Strong a Decade After Crisis
- Iceland’s krona only better than Pakistan’s rupee this month
- But current levels are closer to equilibrium: Islandsbanki
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Iceland’s krona isn’t having a meltdown.
The krona is the world’s second worst-performing currency this month, only above the rupee in Pakistan, a nation seeking a bailout from the International Monetary Fund. Still, the currency is “by no means” weak at current levels and the central bank has a war chest to intervene if needed, said Jon Bjarki Bentsson, chief economist at Islandsbanki.