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Money
Currency: Icelandic Krona (Ikr) = 100 aurar. Notes are in denominations of Ikr5000, 2000, 1000, 500 and 100. Coins are in denominations of IKr100, 50, 10, 5 and 1.
Currency exchange: Foreign currencies can be exchanged in all major banks, some of which (such as the Landesbankí at Keflavik airport) are open 24 hours. Most hotels also provide their guests with exchange services. Exchange services are also available from The Change Group, which has offices at Keflavik airport, the Tourist Information Centre and in central Reykjavík (near the MacDonalds restaurant). ATMs are also available throughout Reykjavík.
Credit & debit cards: Visa, Eurocard, MasterCard, Diners Club and American Express are widely accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: Widely used. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.
Currency restrictions: The import and export of local currency is limited to Ikr8000; the import of foreign currency is unlimited and the export of foreign currency is limited to the amount imported.
Exchange rate indicators
The following figures are included as a guide to the movements of the Krona against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 134.28 | 131.60 | 136.27 | 124.57 | | $1.00= | 92.15 | 86.53 | 86.17 | 78.24 |
Banking hours: Mon-Fri 0915-1600.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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