Q&A: Value of Icelandic Kronas?
I am holding an apparently worthless Icelandic bond (based on Icelandic Kronas) for which I paid $ 15,000 USD. (It is still reasonably close to what I paid for it, in Kronas)
The investment house (Jyske of Copenhagen Denmark)
has told me that I will (at least for now) be unable to convert the Kronas into any other currency when I sell or hold to maturity ( December 2012?.same year the world is supposed to end)
Is this legal?
An investment house sells me a bond for which I pay US$ ?..the foreign currency goes worthless?.I hold the bond to maturity and the investment house will not return my investment currency?.even though I bought the bond from them?
So, aside from that, I?m thinking: how does someone, today, who lives in Iceland take a trip somewhere?
Can they convert Kronas to $ in Iceland???..if not, when they reach, say, New York, can they convert there?
Is there any trade going on between Iceland and other major countries?
How?
If I took my bond to Iceland, could I buy gold with it?
Are Icelanders ABLE to buy gold in Iceland?
Please help!
www.goldsenze.com Answer:
im not sure what exactly, but you should be able to convert it at the back in iceland, maybe america (not sure) but i know for a fact their is about 127 Kronur to a US $ , iceland trades with plenty of countries, especially the european ones, and america, how? by plane or boat?
what do you mean buy gold? im in reykjavik, and i havent seen a ?gold store? =b but im sure their is a jewelry place downtown.
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Source: http://www.goldsenze.com/q-value-of-icelandic-kronas/
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