Some currencies do not have any smaller units at all, such as the Icelandic króna.

Since April, the value of the Icelandic króna has fallen by 56 per cent against sterling.

The Icelandic króna had declined more than 35% against the euro from January to September 2008.

He is depicted on the Icelandic 2000 Icelandic króna banknote.

See Icelandic króna.

Without even mentioning the plummeting value of the currency, the Icelandic Króna is subjected to a very strict policy the central bank established.

By Thursday October 9, the Icelandic króna was trading at 340 to the euro when the government suspended all trade in the currency.

In 2012, Iceland considered adopting the Canadian dollar as a stable alternative to the Icelandic króna.

The national currency of Iceland is the Icelandic króna (ISK).

The failure of banks in Iceland resulted in a devaluation of the Icelandic króna and threatened the government with bankruptcy.

During the 2008-2011 Icelandic financial crisis, instability in the Icelandic króna led to discussion in Iceland about adopting the euro.

Before their discontinuation, the corresponding divisions of the Swedish krona and the Icelandic króna were the öre and the eyrir, respectively.

The Icelandic króna is a derivative of the Danish krone, established after Iceland was elevated to a separate kingdom in union with Denmark in 1918.

The four landvættir of Iceland are depicted on the Icelandic coat of arms and on the obverse of the Icelandic króna coins.

Following sharp inflation in the Icelandic króna during 2008, the three major banks in Iceland, Glitnir, Landsbanki and Kaupthing were placed under government control.

The Bank was also present in the Icelandic króna (ISK) and Norwegian krone (NOK) markets.

Trust in the banks gradually faded, leading to a sharp depreciation of the Icelandic króna in 2008 and increased difficulties for the banks in rolling over their short-term debt.

Auroracoin (code: AUR, symbol: ) is a peer-to-peer cryptocurrency launched in February 2014 as an Icelandic alternative to bitcoin and the Icelandic króna.

Jon Gnárr: “If we could I think we should because we have the Icelandic króna, and we are having great problems with it because it is such a small currency.

In addition to selecting the Icelandic entry for Eurovision, an additional monetary prize of 1 million Icelandic króna will be awarded to the songwriters responsible for the winning entry.

There had been concern about possible weakness of the Icelandic banking system throughout 2008, especially following the decline in value of the ISK, Icelandic króna, (35 per cent from January to September 2008).

In February 2013, the Icelandic chief negotiator stated that the main driving force for Iceland joining the EU was the benefit to the country of adopting the euro to replace the inflation-plagued Icelandic króna.

In October 2013 the Kaupthing winding up committee insisted Kjarninn withdraw the publication of a PriceWaterhouseCoopers report about how Kaupthing employees profited hugely by hedging against a strong Icelandic króna.

Proponents of EU membership largely rely on economic arguments: they view the euro as a solution to the dramatic exchange rate fluctuations of the Icelandic króna, which have posed a challenge for many Icelandic export businesses.

The Icelandic króna separated from the Danish krone after the dissolution of the Scandinavian Monetary Union at the start of World War I and Icelandic autonomy from Denmark in 1918.