Icelandic króna
Most read
Latest
-
Iceland Is Currently Much More Expensive Than Norway
The Icelandic króna is at one of its strongest levels in history, making Iceland considerably more expensive than Norway and raising concerns about the competitiveness of the country’s export sectors, RÚV reports. The currency has seen a sharp rise in value in…
-
Show Me The Money: 5000 ISK
Until the mid-to-late 19th century, most financial transactions in Iceland were conducted in vaðmál (homespun wool). However, since 1922, Iceland has issued its own currency, the króna. Iceland never being the best at economic stability, the króna has lost significant value every…
-
Tourist Cancellations Hitting Industry Hard
In recent months, the tourism industry has started to experience something unheard of just 12 months ago—mass cancellations. The main culprit in the wave of cancellations is the ever strengthening króna, which together with already high prices has made visiting the country…
-
Show Me The Money: The 2,000 ISK Note
Arguably the most beautiful of all Icelandic banknotes, the 2,000 ISK bill was only in circulation for 20 years. First issued in 1995, the bill’s obverse features famed Icelandic painter Jóhannes Kjarval, and the reverse is a rendering of one of his…