Icelandic Krona Currency | Iceland Krona Notes

Icelandic Krona

Icelandic Krona Currency:

The official currency of Iceland is krona. Iceland is a Nordic island nation located between Greenland and Norway in the North Atlantic ocean. Iceland is made up of 24 magistrates and in terms of human development index with 0.921 as per an estimate in 2015, it is ranked 9th among the top few nations in the world and ranked first in the Global Peace Index.

Prior to issuance of its own currency notes in 1885, the earlier Danish currency Rigsdaler was replaced by the Danish krone in 1874. At the commencement of the first world war (WWI), in the wake of winding up of the Scandinavian Monetary Union, the Icelandic Krona emerged as an independent currency from its parent currency Danish Krone.

The Icelandic krona is further divided into hundred equal small units, with each unit called eyrir. However, eyrir had been out of use since 2003.  There is the Central Bank of Iceland  at the apex of the nation for issuance and regulation of the currency. The banknotes which are in circulation are 500, 1000, 2000, 5000 and 10000 kronur (plural form of krona) and the coins in active usage presently are of the denominations 1, 5, 10, 50 and 100 kronur.

Icelandic Krona

Icelandic Krona (Iceland):

Code: ISK

Symbol: kr, Íkr

Subunit:

1/100=eyrir

Banknotes:

500, 1000, 2000, 5000, 10,000 krónur

Coins:

 1, 5, 10, 50, 100 krónur

Central bank: Central Bank of Iceland

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