Icelandic Króna in Guernsey Pound

ISK Icelandic Króna

Country of application:
Iceland

Coin denominations in circulation:
1, 5, 10, 50, 100 CZK.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000 kroons.

History reference:
The Icelandic krone is the currency of Iceland. Introduced in 1885. Icelandic ATMs are located in all banks in Iceland, large supermarkets, major hotels and hotels, and on most central streets in Ice...land. In all of them, the rate of the Icelandic currency is the same. Icelandic ATMs work with all types of credit transactions. In 1961, the Central Bank of Iceland was established, which, starting in 1963, began issuing banknotes, gradually replacing the National Banks banknotes in circulation. In 1981, a monetary reform was carried out in the country: old kroons were exchanged for new ones from January 1 to June 30 at a ratio of 100:1. Currently, the Icelandic government states the need to abandon the national currency and switch to the currency of another, economically stronger country. Prior to joining the European Union and the introduction of the euro, options for the Canadian or Australian dollar are being considered.

GGP Guernsey Pound

Country of application:
Guernsey

Coin denominations in circulation:
1, 2, 5, 10, 50 pence, 2 pounds.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50 lbs.

History reference:
The Guernsey Pound is the currency of Guernsey, a tiny island in the English Channel. GGP is the currency code for the Guernsey pound, which is the official currency of Guernsey. Until 1834, Guernsey... used the French livre as currency, and then until 1921, French francs were accepted as payment. However, already in 1827, the issue of its own banknotes in pounds began, and since 1830, coins in duplicates, where 80 doubles amounted to 1 franc. From 1848 to 1850, the island had an ordinance accepting pounds for payment, reinstated for coins in 1870 (12.5 Guernsey pence became 1 shilling), and for banknotes in 1914 new own banknotes were printed, the denominations of which were shillings and francs. In 1921, Guernsey switched completely to pounds, pegging its pound to the British as 1:1, and in 1971 the decimal system was introduced.