Icelandic Króna in Swedish Krona

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.

SEK Swedish Krona

Country of application:
Sweden

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

Denominations of banknotes in circulation:
1,000, 500, 100, 50 and 20 kroons.

History reference:
The krone is the currency of Sweden. The Swedish krona was introduced into circulation in 1873, as a result of the formation of the Scandinavian Monetary Union, which lasted until the First World War.... The new monetary unit replaced the riksdaler that had been in circulation before. The Scandinavian countries became members of the union, with the name of the currency krona in Sweden and krone in Denmark and Norway, which means “crown” in Scandinavian languages. After the collapse of this association, all three countries decided to keep the name, but for their own currencies. By tradition, on the front side of a coin in denominations of one crown, a portrait of the monarch of Sweden is depicted, and on the reverse side one of the coats of arms of Sweden, or a crown. The coin also bears the kings motto.