What is the official currency of Iceland, whose name means “crown” in Icelandic?

The official currency of Iceland, whose name means “crown” in Icelandic, is the Icelandic króna.

The króna was introduced in Iceland in 1874, when Iceland used the Danish krone as part of the Danish monetary system. Iceland later developed its own currency after monetary changes connected with independence and the dissolution of the Danish monetary union.

The word króna is Icelandic for “crown,” while krone and krona are related names used by several Nordic currencies. This can cause confusion, but the Icelandic króna is a separate currency with the ISO 4217 code ISK.

The plural form commonly used in Icelandic is krónur. The currency is issued by the Central Bank of Iceland, and Icelandic banknotes and coins feature national figures, animals, and cultural imagery.