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  • The US$ is currently at 125 kr??nur (IKR), down from 62 at yearend-2007 ??? a 100% increase. (For the euro, the increase over the same period is 85%.) Iceland???s banks have linked many business loans, as well as auto loans and other debts to a market basket of foreign currencies, on the logic that they themselves have had to obtain money by borrowing yen, euros, sterling or dollars.
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