Iceland is to lift capital controls on individuals, firms, and pension funds from Tuesday, the finance ministry announced.
This marks the completion of the country's return to international financial markets, the ministry statement said on Sunday.
Capital controls were introduced after the country's main banks went under in the global financial crisis of 2008. The measures were intended to stabilize the country's economy and prevent capital flight.
Iceland has been incrementally lifting the controls over the course of the last year.
"Iceland's careful, measured approach to lift capital controls was developed and approved with domestic and international support. As a result of this structured plan, our diversified economy is larger than ever before and expected to continue to grow at a robust pace this year," said Finance Minister Benedikt Johannesson.
"This move is the critical first step in the new Government's strategy for the country's financial future, and we can now look ahead with a healthier, stronger and more diversified economy," he said.