Money
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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…
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Icelandic Króna Finally Drops In Value
Yesterday, the Icelandic króna depreciated 1.8% and since the beginning of June it has fallen by 5.2%, reports RÚV. The strong króna has been causing tourists headaches, with already expensive Iceland getting more and more unforgiving. Over the last 12 months the…
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Iceland Proposes A Novel Solution To Tax Evasion
Minister of Finance Benedikt Jóhannesson held a press conference today wherein he announced that the Icelandic government has “declared war” against tax evaders, in the wake of reports issued by two different government workgroups on imports and taxes. Benedikt is also the…
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Show Me The Money: 1000 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…
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Don’t Ask Nanna: About Your Frenemy
Hi Nanna, Serious question here, sorry. I have this friend, we used to be very close when we were teenagers. Like sisters almost. But when I left our small town and moved to Reykjavík for university we kind of grew apart. I…
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Show Me The Money: Hot Dogs And Independence
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…
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Show Me The Money: The Ringo Starr
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…
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Show Me The Money: The 10 Króna Coin
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…
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Show Me The Money: The 5 Króna Coin
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…
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Show Me The Money: The 1 Króna Coin
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 value significantly every…
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Counterfeit 10,000 ISK Notes Being Circulated
The general public, and retailers in particular, have been warned that there are counterfeit 10,000 ISK notes in circulation right now. People are advised to inspect these bills to make sure they are the real deal. RÚV reports that one such counterfeit…
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Most Icelanders Do Not Believe The Króna Is The Future
Only about one third of respondents to a new poll believe that the króna will be Iceland’s currency in the future. About 28,000 Icelanders responded to the poll, conducted by national broadcasters RÚV. Of those, 60% either strongly or moderately disagreed with…
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Don’t Ask Nanna: About Anything
Nanna, Is it true that everything is expensive in Iceland? Thank you for your time! Penny Penny, It is if you’re poor. Nanna Hi Nanna, It seems like everyone in Iceland is a Crossfitter – have you all turned up to compete…
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PM Explains His Remarks On Offshore Accounts
PM Sigurður Ingi Jóhannsson has explained further what he meant by “it is complicated to keep money in Iceland.” In the wake of the Panama Papers story, Sigurður was fairly diligent in defending former Prime Minister Sigmundur Davíð Gunnlaugsson, who was closely…
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50 ISK Piece Most Beautiful Icelandic Legal Tender
The humble 50 krónur coin has been voted the most beautiful piece of currency in Iceland. Vísir reports that numerous people cast votes for Iceland’s most beautiful currency. These votes were made at The Central Bank and National Museum Numismatic Collection over…
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Most Icelanders Want To Drop The Króna
The majority of Icelanders who responded to a new poll want to adopt a different currency than the króna, irrespective of EU membership. According to the poll, conducted by Fréttablaðið and Stöð 2, 53% of those who responded want Iceland to adopt…
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The ABCs Of The Capital Controls: What’s The Plan?
In November 2008, the government instated capital controls to prevent the country’s currency from tanking after the banking collapse. Seven years later, a plan to lift the controls has been announced. As there has been some confusion surrounding the news, here are…
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Majority Of Icelandic Homes Struggling To Make Ends Meet
According to a new Gallup survey the majority of Icelandic homes are piling on debt or struggling to make ends meet, reports RÚV. Ten out of 100 homes surveyed claimed to be collecting debt, 11 out of 100 said they were using their savings…
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Iceland Fifth Happiest In Europe
Iceland and Norway are joint fifth and sixth on the list of happiest European nations, reports Vísir. The list, compiled by Eurostat, was published on the International Day of Happiness (which is a thing apparently) and was based on a survey conducted…
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Don’t Ask Nanna: Advanced Icelandic, 3 More Words
Dear Nanna, Your video about speaking Icelandic in three words was interesting but very misleading. Try to think about the people who take it seriously, you have done them a disservice and embarrassed them when all they wanted was to speak to Icelandic…
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The Iceland Air-Slaves
I have a confession to make. I’m the asshole that ruined Airwaves this year. I’m a local musician, and like any other self-respecting indie artist my age, I’ve been a participant in the Iceland Airwaves festival roughly since it started more than…
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Bleeding Money And In Sugar Filled Young Dreams
Kiriyama Family Technically proficient throughout, this young band underpin everything they do with interesting rhythms, the female voice added much needed soul when used. On this showing it seems like the band members were too nice to each other in the writing…
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The Limits Of Money
I can understand a father working two jobs to support his family, a mother sacrificing her time to ensure that her children don’t starve. But once you’re assured a basic subsidence (adequate food, shelter, and clothing), how much of your time can…