Iceland – Collectible Banknotes and Coins

Iceland – Banknotes and Coins for Collectors

Capital: Reykjavik

Currency: Icelandic Króna (ISK)

Area: 103,000 km²

Population: ~380,000

Official language: Icelandic

Government: Parliamentary Republic

ISO Code: IS

The Icelandic Króna (ISK) is the official currency of Iceland. The term “króna” comes from the Latin “corona,” meaning “royal crown,” and has been historically used as a monetary name in many European countries. The first Icelandic króna was introduced in 1918, and Iceland continued to use it after becoming independent in 1944.

1 Icelandic króna is divided into 100 aurar. The word “aurar” derives from the Latin “aurum” (gold) and referred to a low-value subdivision. Aurar coins are no longer in circulation today.

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