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Iceland
Icelandic Krona (ISK)
Curiosities about the currency
The Icelandic króna is the currency in circulation in Iceland since 1922. Until then, it depended on the Danish krone, and in 1944, the country removed the royal monogram of the Danish monarchy from its coins. The symbol of the Icelandic króna is kr or Íkr.
Currently, there are Icelandic crowns in banknotes of 500, 1000, 2000, 5000, and 10000. All are made with a special compound that, to the touch, is similar to paper. The 2000 ISK banknotes are so difficult to find that locals call them "tourist money."
The currencies of Iceland are 1, 5, 10, 50, and 100 crowns. The Central Bank of Iceland issues them exclusively. The first two have been valid since 1981 and the last one entered circulation in 1995. One crown is divided into 150 aurar, although these coins are no longer in circulation.
The obverses of the Icelandic crown coins display the guardian spirits of Iceland. These are a bull, an eagle or griffin, a dragon, and a rocky giant. The 1 crown coin only shows this last mythical figure. On the reverses, there are native animals.
In 2009, the Icelandic Parliament expressed its interest in joining the eurozone. The adoption of the euro would mean a reduction in prices, inflation, and the volatility of the Danish krone. More than 60% of the population is also in favour of this initiative.
What do the banknotes/coins look like?
Front part
*The banknotes and coins correspond to the newest issued series and are for reference. Colours may vary and there may be more designs than those shown.
