10 May – After an all-night debate the Althing votes 13–8 to repeal Iceland’s 73-year ban on full-strength beer, with legal sales scheduled for 1 March 1989.[3]
16 May – The government devalues the Icelandic króna by 10percent to support the struggling fishing industry amid sliding export prices.[4]
25 June – President Vigdís Finnbogadóttir wins re-election, securing a third consecutive four-year term.[5]
24 November – U.S. President Ronald Reagan signs amendments strengthening the Marine Mammal Protection Act, explicitly threatening sanctions against whaling nations such as Iceland.[6]
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.