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.
The Icelandic krona will become the fifth currency available for settling retail payments through the Eurosystem’s TARGET Services .
The euro, Swedish
