ALL Icelanders receive money after government takes over ownership of bank

Every Icelander will receive about US$232,802 for the sale of one of the country’s three largest banks, Islandsbanki.

Creditors of the failed bank proposed the nationalisation of Islandsbanki, in which they hold a majority stake. The move will help Iceland lift capital controls imposed after the 2008 financial meltdown and will give Icelanders a fair share of the failed bank’s sale.
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