Danish Krone Collapses After Hints Of Capital Controls

by Tyler Durden
ZeroHedge.com
02/20/2015

Following numerous rate cuts and backdoor QE (halting government bond issuance), Denmark’s Krone is collapsing this morning following the head of Denmark’s Economic Council, Hans Jorgen Whitta-Jacobsen said:

DENMARK’S CENTRAL BANK WILLING TO USE CAPITAL CONTROLS IF NECESSARY TO DEFEND DKK PEG

This has sparked the biggest drop in DKK against EUR since 2001 and as SEB chief strategist Carl Hammer exclaimed, “currency markets are extremely nervous.”

The Rest…HERE

This entry was posted on Friday, February 20th, 2015 at 11:25 am and is filed under Economics, God Help Us, Government Evil, New World Order, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.