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
Military history of Iceland its services under the command of the Coast Guard or National Police. To save money and to restore the primary role of the Icelandic Coast Guard in defense, the Defence Agency was shut down on January 1, 2011. Iceland Air Meet 2014 hosted NATO and other Nordic countries for the first time. Military history of Iceland This is a brief overview of historical warfare and recent developments in what today constitutes the Republic of Iceland. In the period from the settlement of Iceland, in the 870s, until it became part of the realm of the Norwegian King, military defences of