Banknotes of Iceland

The official currency of Iceland is the Icelandic króna (ISK), issued by the Central Bank of Iceland (Seðlabanki Íslands). Paper money was first introduced in Iceland in 1885 when the first banknotes were released. In 1981, a significant redenomination occurred, changing the króna to a new currency system at a rate of 100 old krónur to 1 new króna. Collectors appreciate Icelandic banknotes for their unique designs and vibrant colors. The 2001 series features portraits of prominent Icelandic figures, such as the writer Halldór Laxness. The incorporation of intricate security features, like watermarks and holograms, showcases the evolution of currency in response to counterfeiting challenges.