The króna (plural krónur) (sign: kr; code: ISK) is the currency of Iceland. The króna is technically subdivided into 100 aurar (singular eyrir), but in practice this subdivision is no longer used.
The word króna, meaning "crown", is related to that of other Nordic currencies (such as the Danish krone, Swedish krona and Norwegian krone) and to the Latin word corona ("crown"). The name "Icelandic crown" is sometimes used, for example in the financi...
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The króna (plural krónur) (sign: kr; code: ISK) is the currency of Iceland. The króna is technically subdivided into 100 aurar (singular eyrir), but in practice this subdivision is no longer used.
The word króna, meaning "crown", is related to that of other Nordic currencies (such as the Danish krone, Swedish krona and Norwegian krone) and to the Latin word corona ("crown"). The name "Icelandic crown" is sometimes used, for example in the financial markets.
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.
Iceland's first coins were 10 and 25 eyrir pieces introduced in 1922. These were followed in 1925 by denominations 1 and 2 króna pieces and in 1926 by 1, 2 and 5...
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