Iceland Could Run Out Of Food In A Fortnight
Icelandic shoppers are flooding supermarkets to stock up on whatever food items they can get their hands on, as the financial crisis there worsens.
One grocery store manager said, "We have had crazy days for a week now. Sales have doubled."
Bonus, a nationwide chain, has stock at its warehouse for about two weeks. After that, the shelves will start emptying unless it can get access to foreign currency.
Wholesalers are demanding that importers pay before any goods are shipped. Under normal circumstances, wholesalers abroad would extend credit for 30 to 90 days
Store owners say that they can't get any foreign currency to pay for incoming shipments and, even if they could, the exchange rate would be prohibitively high.
One grocery store manager said, "We have had crazy days for a week now. Sales have doubled."
Bonus, a nationwide chain, has stock at its warehouse for about two weeks. After that, the shelves will start emptying unless it can get access to foreign currency.
Wholesalers are demanding that importers pay before any goods are shipped. Under normal circumstances, wholesalers abroad would extend credit for 30 to 90 days
Store owners say that they can't get any foreign currency to pay for incoming shipments and, even if they could, the exchange rate would be prohibitively high.
