Landsbankinn will cease buying and selling cash in three Nordic currencies in the near future. These currencies are Norwegian, Swedish and Danish krona.
As of 5 March, Norwegian krona will no longer be bought or sold and the same applies to Danish and Swedish krona as of 3 May.
Landsbankinn customers who own notes in these currencies can visit branches with teller service to exchange notes in these currencies until those dates.
Rules on measures to prevent money laundering have restricted foreign currency transaction in cash considerably and most notably in the Nordics. As a result, offering cash service in these currencies is no longer tenable.