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 ?
FL denied that the sale of its stake in Easyjet was due to problems in the Icelandic economy, which have led to higher interest rates and the devaluation of the Icelandic krona.
One Icelandic krona (ISK) is worth approximately 0.009 British pounds.
The poor performance is attributed to the high price of oil and devaluation of the Icelandic krona.
Achieving financial stability would not be possible with the Icelandic krona, the trade unions argue.

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