איסלנד – Iceland

The word krona, meaning "crown", is related to those of other Nordic currencies (such as the Danish krone, Swedish krona and Norwegian krone). The history of Icelandic currency dates back to 1885 when Iceland began issuing its own banknotes, before that Danish currency was used in Iceland. The first Krona coins were issued in 1922 after the dissolution of the Scandinavian Monetary Union.
Iceland's first coins were 10- and 25-aurar pieces introduced in 1922. These were followed in 1925 by 1 krona and 2 krona pieces and in 1926 by 1-, 2- and 5-aurar pieces. In 1946, the coins' designs were altered to remove the royal monogram (CXR), following Icelandic independence from Denmark in 1944.
Starting in 1967, new coins were introduced due to a considerable fall in the value of the krona. 10 krona coins were introduced in that year, followed by 50 aurar and 5 krona pieces in 1969 and 50 krona pieces in 1970.