24/06/2026 (Agence Europe) – The European Central Bank (ECB) announced on Wednesday 24 June that Iceland will be integrated into the Eurosystem’s ‘TARGET Instant Payment Settlement’ (TIPS) system in 2028, enabling instant settlement of payments in Icelandic krona in central bank money. The Icelandic krona will thus become the fifth currency available on this pan-European infrastructure, after the euro and the Swedish and Danish krona, while the Norwegian krona is also due to be integrated in 2028. For the ECB, this extension strengthens the integration of European financial infrastructures beyond the EU and supports the continent’s strategic autonomy, while Reykjavik sees it as a lever for modernisation and alignment with SEPA standards. (BD)