Icelandic Krona


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Icelandic Krona

The currency of Iceland. It came into existence in 1981 after a revaluation of the first Icelandic krona. It is not a widely traded currency, and, while it is a floating currency, the Central Bank of Iceland manages it closely.
References in periodicals archive ?
In the first six months of 2008, the Icelandic krona began devaluing and inflation rose to nearly 12%.
The poor performance is attributed to the high price of oil and devaluation of the Icelandic krona.
For a time in 2007, one dollar netted just 58 Icelandic krona (ISK).
This was driven by consolidated and net interest revenue increases of 11% and 5%, primarily due to increased retail energy sales at HS Orka as well as record performance at our Toba Montrose facility coupled with a strengthening of the Icelandic Krona.
The Thai baht, Egyptian pound and Icelandic krona all showed significant gains in popularity when compared to the same time last year, according to the American Express Currency Index.
However, a suit by Blaer to seek cash compensation of 500,000 Icelandic Krona (about $3,950) in damages from the government was denied by the court.
Firstly the Icelandic Krona collapsed and Iceland now finds it extremely difficult to borrow on international markets.
He told Reuters that the decision to close the restaurants was mainly due to the severe depreciation of the Icelandic krona and high taxes on imported food.
IcelandOs currency, the Icelandic krona (ISK), was heavily devaluated against all major currencies immediately after the bankOs collapse.
We will also then going to be able to change our currency, and our currency is what has been killing us - it is like gambling today with the Icelandic krona, instead of doing business.
Budget airline Iceland Express offers a tailored personal shopping service to help visitors take advantage of the weakened Icelandic krona.
Icelandic krona has suffered a recent devaluation, so visitors exchanging currency receive twice as much for their dollars than they would have at this time last year.

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