Iceland to lift all capital controls on its citizens, businesses and pension funds from Tuesday

     Capital controls, such as those to restrict money flowing in and out of the country, were imposed in 2008 after the country's biggest banks collapsed.

  The government thinks the economy has recovered sufficiently to end controls.

  Controls were imposed after the collapse of the country's three biggest banks and at the same time Iceland's national currency, the krona, fell in value.

   The removal of the capital controls, which helped stabilise the currency and economy during the country's financial crash, represents the completion of Iceland's return to international financial markets.