The currency in Iceland: the exchange, importation, money. What is the currency in Iceland?

The currency in Iceland

The currency in Iceland

Icelandic krona - the so-called moneyIceland. The currency was introduced in 1885. Initially, one krona was one hundred Éire. But since 1995, Eire ceased to apply in the cash circulation. One crown is equal to approximately 0.24 rubles. His historical name, the crown was due to the Crown, originally depicted on the coin.

Coins and banknotes

Initially, all the coins depicted monogram(Intricate interlacing initials) and the crown of King Christian X. Coinage began in 1925, but in 1944, Iceland was proclaimed a republic, and two years later began minting coins without the royal symbols. Icelandic banknotes began to produce in 1885. Initially they were three denominations - 5, 10, 50 crowns. In 1947, the issue of banknotes of new sample started. It was only later started to be issued banknotes with higher denomination in - 100, 500, 1000 SEK, etc. Also kronor banknote, like most other currencies, are very diverse in color. The banknote of 10 kronor is blue, CZK 50 - brown, 100 CZK - green, 500 SEK - red, 1000 CZK - the blue. After a certain amount of time, the government has conducted currency modification, that is, add a lot of new elements of protection that did not exist before, and the appearance of the currency has remained the same.

The crisis of 2008 and the planned adoption of the euro

Because of the crisis the fall happened in autumn 2008exchange rate of the Icelandic krona by 53% against the US dollar. Because of this, the representative of the Icelandic Government stated that their country needs a new currency and the only alternative to the crown is the euro. In 2009, Iceland began talks on joining the European Union.

Traveling around the country

If you come to Iceland, and you do not have a localcurrency, then you can change it on the crown at any bank or buy special checks, replace the money that you can easily pay almost anywhere. When exchanging currency in the bank, regardless of the amount of money that you have exchanged, you are charged a fee of two dollars and a half, for providing services to you. Also there is the possibility of leaving the country to receive monetary compensation in the amount of 15% of the amount of VAT included in the full cost of your purchases. But this service is available, if you make a purchase of at least 1000 kroons and you have a special check, that you shall give the seller in the store.

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  • The currency in Iceland
  • The currency in Iceland
  • The currency in Iceland

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