Currency Information on Icelandic Krona - ISK — Icelandic krona – kr or Ikr
The currency is derived from the Scandinavian Monetary Union, which the Danish Krone, Swedish krona and Norwegian krone, also derive from.
The currency of Denmark was introduced in 1874, and Iceland began issuing and printing their own banknotes in 1885.
Coins are available in denominations of 1, 5, 10, 50 and 100 kronur, whilst banknotes are in circulation in denominations of 500, 1,000, 2,000, 5,000 and 10,000 kronur.
I run a local delicatessen business in Surrey. Many of my artisan suppliers are based in Italy, Spain and France. We are always making payments to these suppliers and knowing we are getting the best rates is vitally important for us; our margins are tight and any savings are crucial for the success of our business.
Comment written by Artisan supplier based in Italy.
View more testimonials...