Iceland Coin List

The official currency of Iceland is the Icelandic króna, also known as the króna. This monetary system has a rich history and has undergone several changes over time, reflecting the economic and political evolution of the country.

Current currency in circulation

The Icelandic króna is divided into 100 aurar and is represented by the ISO code ISK. Currently, coins of 1, 5, 10, 50 and 100 krona are in circulation, as well as banknotes of 500, 1000, 5000 and 10000 krona. The design of the coins includes national symbols such as the cod, the four-guardian dragon and important historical figures.

Monetary history and relevant facts

Prior to the adoption of the krone, Iceland used various foreign currencies, including the Danish krone. The first Icelandic krone was introduced in 1885, but it was not until 1918 that Iceland gained full monetary autonomy. An important milestone in Icelandic numismatics was the 2008 financial crisis, which led to a significant currency devaluation and the implementation of capital controls to stabilize the economy.