Iceland Travel Guide

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Iceland - Money

Currency & Money

Currency information:

Icelandic króna, plural krónur, (ISK; symbol kr) = 100 aurar. Notes are in denominations of króna 10,000, 5,000, 2,000, 1,000, 500. Coins are in denominations of króna 100, 50, 10, 5 and 1.

All notes are watermarked with a portrait of Jón Sigurðsson (1811-1879, statesman), while all coins feature Iceland's marine species.

Credit cards:

Almost everyone uses debit or credit cards to pay, even for small purchases. MasterCard and Visa are widely accepted.

ATM:

ATMs (known as Hraðbanki in Icelandic) are available throughout the country.

Travellers cheques:

Travellers' cheques are no longer popular and should be avoided.

Banking hours:

Mon-Fri 0915-1600.

Currency restriction:

Travellers can import and export local currencies up to ISK 8,000 and unlimited foreign currencies. Travellers can export foreign currencies up to the amount imported.

Currency exchange:

Foreign currencies can be exchanged in all major banks in Iceland. Most hotels also provide their guests with exchange services, which may cost more.

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