Denmark set to impose capital control laws LeapRate

February 21, 2015 BY Andrew Saks-McLeod

Denmark set to impose capital control laws

The restriction of the free movement of sovereign currency is often regarded as the preserve of non-free market economies with despotic governments. Denmark is now considering implementing capital control laws, representing the first Western nation to ever do so, with its central bank aiming to defend the Krone's peg against the Euro at all costs

Denmark sells record amount of Krone in January to stave off black swan events

Denmark's Nationalbanken purchased $16.34 billion worth of foreign currency in January 2015, which translates to 106.3 billion Danish Krone, the highest amount ever, as the nation's economists attempt to maintain the currency's peg at a time when the Euro is floundering

Tag: krone

Denmark set to impose capital control laws

Denmark sells record amount of Krone in January to stave off black swan events

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