With reference to press releases issued by the Central Bank on 12 and 23 March 2017, the Central Bank offers to purchase offshore króna assets as these are defined in the Act on the Treatment of Króna-Denominated Assets Subject to Special Restrictions, no. 37/2016, in cash and for euros, at an exchange rate of 137.5 krónur per euro.

Trade requests must be received by Morgan Stanley by the end of day on Friday 28 April 2017, with settlement occurring as soon as reasonably practicable.

The announcement from the Central Bank of Iceland can be found here.