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Iceland c.bank to peg crown at 131 per euro-radio

Tue Oct 7, 2008 6:03am EDT

REYKJAVIK, Oct 7 (Reuters) - Iceland's central bank will introduce a currency peg for the island's crown at a value of 131 per euro, state radio said on Tuesday.

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The crown has been in freefall over the last few days as a result of a crisis in the financial system.

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