Republic of Iceland

Buy The local currency is the Icelandic króna (ISK), and its value collapsed quite dramatically during the 2008 economic crisis. As of April 2016 it has recovered to trade at around €1 = kr 140 and US$1 = kr 123. This has also made local prices more affordable for the visitor, although the prices of imported goods have risen rapidly. Just about every establishment in Iceland will accept a credit card, including taxis, gas stations, souvenir stands, and even the most remote guest house, so it is not necessary to carry large amounts of Icelandic currency. However, due to the currency's instability some credit cards are still wary of króna

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