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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. A £20 Ulster Bank banknote. ...
1¢ euro coin A coin is generally a piece of hard material, generally metal and usually in the shape of a disc, which is used as a form of money. ...
Icelandic 100 Krona Coin File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ...
1995 was a common year starting on Sunday of the Gregorian calendar. ...
A currency is a unit of exchange, facilitating the transfer of goods and services. ...
Iceland (disambiguation). ...
The Nordic countries (Greenland not shown) The Nordic countries is a term used collectively for five countries in Northern Europe. ...
Iso (iso-) is a prefix indicating similarity or equality. ...
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 Iceland. In 1980 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. The Scandinavian Monetary Union, or Skandinaviska myntunionen in Swedish and Skandinaviske møntunion in Danish, was a monetary union formed by Sweden and Denmark on May 5, 1873 by fixing their currencies against gold at par to each other. ...
Ypres, 1917, in the vicinity of the Battle of Passchendaele. ...
Denmark (disambiguation). ...
1918 was a common year starting on Tuesday (see link for calendar). ...
1961 (As MAD Magazine pointed out on its first cover for the year) was the first upside-down year - i. ...
1980 is a leap year starting on Tuesday. ...
As of 2003, the following notes and coins (issued since 1980) are legal tender:
- Notes: 5000, 2000, 1000, 500, (100, 50, 10 krónur.)
- Coins: 100, 50, 10, 5, 1 krónur, (and 50, 10, 5 aurar.)
In practice, notes of 100 krónur or less, and coins of less that 1 króna no longer circulate, as they have been withdrawn by the central bank.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 Minister signed two regulations, saying that all monetary amounts on invoices and financial claims should be stated and paid in whole krónur 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 The Scandinavian Monetary Union, or Skandinaviska myntunionen in Swedish and Skandinaviske møntunion in Danish, was a monetary union formed by Sweden and Denmark on May 5, 1873 by fixing their currencies against gold at par to each other. ...
External Links
- Central Bank of Iceland (http://www.sedlabanki.is/template4.asp?pageid=145) - Exchange rates
- Ron Wise's World Paper Money Homepage (http://aes.iupui.edu/rwise/countries/iceland.html) - Scans of Icelandic notes
| Krones | | Current Krones: Czech Koruna | Danish krone | Estonian Kroon | Faroese króna | Icelandic Króna | Norwegian krone | Slovak Koruna | Swedish Krona Krone can mean: Krone - the former currency of the Austro-Hungarian Empire from 1892. ...
The Koruna (English translation Crown) is the currency used in the Czech Republic and Slovakia. ...
The Danish krone is the currency used in Denmark and the Danish dependency of Greenland. ...
The Kroon is the official currency of Estonia. ...
Krone is the name of the currency used in Norway. ...
The Koruna (English translation Crown) is the currency used in the Czech Republic and Slovakia. ...
This article is about the Swedish unit of currency. ...
| | Formerly used Krones: Austro-Hungarian krone The Austro-Hungarian Empire adopted the gold standard in 1892 when the new currency of the Krone (Crown, also known in Hungarian and other imperial languages as the Koruna) of 100 hellers was introduced. ...
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