The long-awaited 10,000 ISK bill will at long last be released to the general public next month.
Stefán Jóhann Stefánsson, a public relations official for the Central Bank, told RÚV that the new bill was actually ready last spring. It was not released into circulation because of some “fine tuning” that needed to be done.
Now that the fine tuning is complete, the 10,000 ISK bill will go into circulation this October.
When the announcement of the bill was made last spring, Central Bank chairman Már Guðmundsson revealed 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 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.