| • Science | • People | • Locations | • Timeline |
| Icelandic Króna banknotes | |
|---|---|
| Denomination | Portrait |
| 10 | Arngrímur Jónsson the Learned |
| 50 | Guðbrandur Þorláksson |
| 100 | Árni Magnússon |
| 500 | Jón Sigurðsson |
| 1000 | Brynjólfur Sveinsson |
| 2000 | Jóhannes Kjarval |
| 5000 | Ragnheidur Jónsdóttir |
| Icelandic Króna coins | |
| 100 Krona ( 1995) | |
Króna is the name of the currency used in Iceland. The plural form is krónur. The name, meaning originally "crown", is analogous to that of other Nordic currencies. The ISO currency code is ISK.
The Icelandic Króna became a separate currency from the Scandinavian Krona after dissolution of the Scandinavian Monetary Union at World War I and after gaining sovereignty from Denmark in 1918. Circulation of the Icelandic Króna is since 1961 controlled by Seðlabanki Íslands, the Central Bank of IcelandSedlabanki Islands ("Central Bank of Iceland" in Icelandic) is the central bank of Iceland. It has served in this capacity since 1961, when it was created by an act of the Althingi out of the central banking department of Landsbanki Islands, which had had. In 19801980 is a leap year starting on Tuesday. Events January-February January 1- April 1 National steel strike in United Kingdom January 1 Changes to the Swedish Act of Succession creates Victoria of Sweden, Crown Princess over her younger brother January 5 He the Icelandic Króna was revalued, with 100 old krónur being worth 1 new Króna. Technically the Króna is composed of 100 aurar (singular eyrir), although in practice coins of less than 1 Króna have not circulated for many years.
As of 2003, the following notes and coins (issued since 1980) are legal tender:
In practice, notes of 100 krónur or less, and coins of less that 1 króna no longer circulate, as they have been withdrawn by the central bank.
In September 2002 the Icelandic Prime MinisterDavid Oddsson (born 17 January 1948, in Reykjavik, Iceland) is an Icelandic politician and the longest serving Prime Minister of Iceland ( 1991- 2004). He is now the minister of foreign affairs. He graduated from the gymnasium Menntaskolinn i Reykjavik in signed two regulations, saying that all monetary amounts on invoices and financial claims should be stated and paid in whole krónas only, and that coins of less value than one króna should be recalled from circulation. As of October 1st 2003, Icelandic banks no longer accept the 5, 10 and 50 aurar coins.
Before this, the 5 aurar coin was the least valued coin that was circulating in the world.
See also: Scandinavian Monetary Union, Danish KroneKrone can mean: Krone the former currency of the Austro-Hungarian Empire from 1892. Krone the currency of Denmark Krone the currency of Norway Krona the currency of Sweden Krona the currency of Iceland The Scandinavian Monetary Union Crown See also: Eston, Swedish Krona, Estonian KroonThe Kroon is the official currency of Estonia. One kroon is divided into 100 sent (singular). The ISO 4217 code is EEK. Historically, the Estonian Kroon was pegged to the Deutsche Mark; it is now attached to the Euro and has been stable since 1993 at a ra, Czech KorunaCzech Koruna Coins FrontBack 1 koruna ( 1996) The Koruna (English translation Crown is the currency used in the Czech Republic and Slovakia. It was also the currency of the federation of Czechoslovakia until the latter's dissolution in 1993. The official