Icelandic Króna in Norwegian Krone

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.

NOK Norwegian Krone

Country of application:
Norway, Bouvet Island, Svalbard and Jan Mayen

Coin denominations in circulation:
20 10, 5 and 1 krone.

Denominations of banknotes in circulation:
1,000, 500, 100 and 50 kroons.

History reference:
The Norwegian krone has been the currency of Norway since 1874 (when the Norwegian krone banknotes began to be printed, and Norwegian coins have been known since 995), when it replaced the Norwegian ...daler. For the first time, the inhabitants of Norway were able to pay with their own coins under Olaf I Trygvasson, who ruled the kingdom of the harsh Vikings at the end of the 10th century. It should be noted that in Norway the production of coins is still the prerogative of the king. Only in the 17th century did a full-fledged mint appear in Oslo, which used silver from the nearest mines of Christiania to mint coins. Somewhat later, the mint was moved to Kongsberg, where the largest explored deposit of precious metals was located. Even despite the fact that in the late 50s of the XX century. the mine was depleted, the yard continues its work in this city.