Icelandic Krona (ISK)

News: Icelandic Krona

• Hot debate in Iceland over joining EU - Hamilton Spectator (28 January 2012, 7:35 pm)
• Iceland’s Inflation Accelerates at Fastest Pace in 20 Months - Bloomberg (27 January 2012, 10:11 am)
• Price of fuel in Iceland has doubled in five years - IceNews (27 January 2012, 7:55 am)

Reports & Events: Icelandic Krona

• The Central Bank's Economic Indicators for January 2012 published (27 January 2012, 3:55 pm)
• Working paper on variance decomposition of index-linked bond returns (26 January 2012, 1:34 pm)
• Decision by ESÍ ehf. Board regarding loans to holders of guarantee capital in Sparisjóður Svarfdæla (24 January 2012, 2:33 pm)

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About the Icelandic Krona

The Icelandic “krona” (plural: kronur) is the official currency used in the country of Iceland. Its official currency code is “ISK” and it is symbolized by a “kr”. The primary denominations include 1, 5, 10, 50, 100 krona coins; and 500, 1000, and 5000 krona paper bank notes. In Iceland, decimal numbers are denoted using a comma (e.g. 1,50). The krona has a managed float exchange rate and its value is often seen as being dependent on commodity prices (Iceland’s largest export).

Central Bank: Central Bank of Iceland