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Iceland Currency

ISO 4217 code
ISK
Central bank
Central Bank of
Iceland
 Website
www.sedlabanki.is
User(s)
Iceland
Inflation
5.2%
 Source
Central Bank of
Iceland
(Statistics Iceland,
June 2011)
Subunit
 1/100
eyrir
(obsolete)
Symbol
kr, Íkr
Nickname
kall
Plural
krónur
 eyrir
aurar
Coins
1, 5, 10, 50, 100
krónur
Banknotes
500, 1000, 2000, 5000,
10,000 krónur
Printer
De La Rue
The króna (plural
krónur) (sign: kr; code:
ISK) is the currency of
Iceland. The króna was
historically subdivided
into 100 aurar (singular
eyrir),[1] but this
subdivision is no longer
used.
The word króna,
meaning "crown", is
related to those of
other Nordic currencies
(such as the Danish
krone, Swedish krona
and Norwegian krone)
and to the Latin word
corona ("crown").[2]
The name "Icelandic
crown" is sometimes
used, for example in the
financial markets. The
word eyrir derives
from Latin aura, gold,
historically 100 gold
pieces to a crown.
First króna, 1874–
1981
The Danish krone was
introduced to Iceland in
1874, replacing the
earlier Danish currency,
the rigsdaler. In 1885,
Iceland began issuing its
own banknotes.
The Icelandic króna
separated from the
Danish krone after the
dissolution of the
Scandinavian Monetary
Union
at the start of World
War I and Icelandic
autonomy from
Denmark in 1918. The
first coins were issued
in 1922.


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