Iceland to replace lowest denomination with a coin?

In its annual report for 2013, published last week, the Central Bank of Iceland stated that because inflation has been high in Iceland it "has often been necessary to adjust the face value of banknotes and coins to a higher price level".

This probably means that in the "near future" the lowest denomination banknote, the 500 krónur, will be replaced by a coin. 

Steven Tuesday 08 April 2014 at 8:27 pm | | news
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