Its netforeign-exchangeexposureisnil, butIcelandwasin asimilarposition, anditsBanks have not been abletoliquidate foreignassets to cover their foreign debts.
Since the mechanism of a currency transactions levy is supposed to be based on taxing the netposition of foreign exchange transactions, it could represent a restriction of the free movement of capital and payments (Article 63 TFEU).
Its net foreign-exchange exposure is nil, but Iceland was in a similar position, and its banks have not been able to liquidate foreign assets to cover their foreign debts.