Iceland and the International Monetary Fund set at positive 2-3 percent by 2010. Additionally Iceland determined that it would not support the losses of its pension funds and social service programmes in order not to take up additional obligations. One of the primary objectives of the Icelandic government in seeking an IMF programme was to stabilize the ISK and to set a path for its gradual appreciation. To stabilize short term pressures on the ISK the Central Bank of Iceland raised interest rates to 18% and prepared to back the krona with its foreign reserves, specifically for which Iceland asked for an IMF programme . The
Constituencies of Iceland number of votes per seat in parliament in one constituency goes below half of what it is in any other constituency, one seat shall be transferred between them. This has occurred, and as of the elections in 2007, one seat was transferred from the Northwest constituency to the Southwest one. The constituencies are the following (number in brackets indicate number of representatives for that constituency out of 63 total): Constituencies of Iceland Iceland is divided into 6 constituencies for the purpose of selecting representatives to parliament. The current division was established by a 1999 constitution amendment and was an attempt