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Currency & banks

About the Icelandic Króna (ISK) and banking hours in Iceland.

The Icelandic monetary unit is the Króna (ISK). The coins in circulation are 1, 5, 10, 50 and 100 Krónas. The notes are 500, 1.000, 5.000 and 10.000 Krónas. Please note that in Iceland, periods are used as thousands separators and commas are used as decimal marks. (e.g., 5.000 ISK, 25,5% VAT, etc.)

Currency exchange is available at all banks around the country. Banks in Iceland are generally open 09:00 – 16:00 Monday through Friday, except on public holidays. Exchange services outside regular banking hours are available at Landsbankinn at Keflavík International Airport.

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