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.
Given the current crisis in my country, I was forced to move abroad to find a better financial life. I’ve been living and working in a good UK job for two years now. Although my wife and children came with me I send money to my relatives in Greece very often. Every time I do so I make sure I'm getting a good currency exchange deal by checking online how to send money abroad at the best rates.
Comment written by Kostas Skordas Architect.
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