The currency of Iceland is the Icelandic krona, abbreviated as ISK. The krona has been the currency in use since 1885 and is subdivided into 100 aurar. Its value can fluctuate, and it is influenced by the country’s economic performance, including factors like tourism, fishing, and renewable energy sectors. Iceland has a unique economy characterized by its small population and the emphasis on sustainable practices. The central bank of Iceland manages the currency and monetary policy, aiming to maintain economic stability and control inflation within the country.