Cyprus Mail24 Jun 2026

Iceland to join Eurosystem instant payment system

Iceland to join Eurosystem instant payment system

The European Central Bank (ECB) and the central bank of Iceland, Sedlabanki Islands, signed an agreement on Wednesday for Iceland to join the Eurosystem’s TARGET Instant Payment Settlement system.

This collaboration will facilitate the settlement of payments in Icelandic krona using central bank money beginning in 2028....

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