The Central Bank of Iceland plans to release a 10,000 ISK bill very soon, and have already revealed something about the design.
News of the new bill was brought to light by the Central Bank chairman himself, Már Guðmundsson, when addressing attendees at the 51st annual meeting of the Central Bank of Iceland.
In his speech, he states that due to inflation and there being a large quantity of Icelandic crowns on the market, the Central Bank has decided to release a 10,000 ISK note. While the bill is still in the preparation stages, he said that this bill will be more secure than ever before.
While no sketches of the new bill’s design were revealed, Már said that it will be in a “similar style” to other Icelandic bills. It will also feature famed Icelandic poet Jónas Hallgrímsson and will be decorated with plovers, a bird often associated with the arrival of spring in Iceland.
The new bill is expected to be released for the public market in fall or early winter 2013.
The higher denominations of Icelandic bills are a relatively recent phenomenon. 1000 ISK notes were not printed until 1984, with the currently highest denomination – the 5,000 ISK note – released in 1986.