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The Danish krone suppression scheme joins the gold suppression scheme
Denmark Ready to Impose Capital Controls to Protect Currency
By Mehreen Khan
The Telegraph, London
Friday, February 20, 2015
Denmark's central bank is ready to impose capital controls to stop the inflow of money that has threatened its currency peg with the euro.
The country's central bank has already made a series of drastic moves to protect the value of the krone as the euro has continued to weaken on news of eurozone QE and worries about Greece.
The head of Denmark's Economic Council Hans Jorgen Whitta-Jacobsen said the central bank had other means available to defend the peg "to the last drop of blood."
"If it takes restrictions on free capital movement for a period to defend the fixed exchange rate, I assess that the central bank would be willing to go that far," Mr Whitta-Jacobsen said. ...
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