Icelandic króna · ISK
kr symbol · 1 country currently using this currency.
Currency info
Adopted: 1874
Currency family: Krona
The Icelandic króna is subdivided into 100 aurar, with the word 'aurar' meaning 'grains' in Old Norse.
- Introduced in 1874 to replace the Danish rigsdaler when Iceland was in union with Denmark
- Pegged to the Danish krone until Iceland's independence in 1944
- Became fully independent currency following Iceland's establishment as a sovereign republic
- Experienced significant devaluation during the 2008 financial crisis, losing over 50% of its value
- Remains one of the world's least traded currencies despite Iceland's developed economy
Countries currently using this currency
Related
Other Krona currencies
Historical predecessor
Danish rigsdaler