Iceland 1930

Bibliographic data

Monograph

Identifikator:: 1830571079

URN:: urn:nbn:de:zbw-retromon-221162

Document type:: Monograph

Title:: Iceland 1930

Edition:: 2. ed.

Place of publication:: Reykjavík

Publisher:: Ríkisprentsmiđjan Gutenberg

Year of publication:: 1930

Scope:: 193 S.; Tab., Kt., Taf.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Money, weights, and measures

Collection:: Economics Books

MONEY, WEIGHTS, AND MEASURES MONEY Iceland is in the Scandinavian Monetary Union. The monetary unit 's called kréna (pl. krénur), and divided into 100 aurar (singul. eprir). The relation beiween krénur and English and American monetary units is as follows (par exchange): £ 1 = 18.16 krénur; 1 dollar — 3.73 kronur. Exchange rates. The Great War occasioned differences in the ex- change of Scandinavian currencies. The Icelandic kréna followed the fluctuations of the Danish Krone up to the beginning of 1920, but trom the latter half of that year to the middle of June 1922 it was quoted (though not officially) independently of the Danish Krone and at a lower rate. About the middle of June 1922, when foreign cur- rencies began to be officially quoted in Reykjavtk, a pound sterling was equivalent to 26.50 krénur, a United States dollar, to 6.03 kr., while some three years later, in October 1925, their respective values had come down to 22.15 kr. and 4.58 kr. And as the pound has remained at this level to the present day, the gold value of the kréna has uni- formly been about 82 per cent. of its face value during the last four years. WEIGHTS AND MEASURES The infernational mefric system of weights and measures was intro- duced in Iceland by law of 1907, and made compulsory from the 1s of January 1912.

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