Casinos supporting Icelandic Krona Currency

The Icelandic krona derives its name from a common Nordic tradition of calling their basic currency the local language word for "crown". There was a time when the krona was divided into 100 aurar, though that is no longer the case.

The first "crown" money used in Iceland was actually the Danish krone which had been introduced in 1874 to replace the locally used rigsdaler. Iceland continued to use the Danish krone until the start of World War I when the Scandinavian Monetary Union fell apart. Iceland became officially an independent nation in 1918 and started minting their own coins in 1922.

Unfortunately, the Icelandic krona is not a very stable currency, and had to be entirely revalued as recently as 1981. Many Icelanders would prefer to abandon it entirely in favour of the Euro or a more stable international coin.

The Icelandic krona has a rather interesting appearance in video games. In the MMORPG "EVE Online," Icelandic company CCP based the name of the in-game currency, Intersteller Kredit, on the ISO currency code of the Icelandic krona (ISK). In-game currency values fluctuate based on out of game currency markets, so in early February of 2014, one Icelandic krona was worth 280,000.00 Interstellar Kredits.