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The Icelandic króna is the official money used in Iceland for buying goods and services. It matters because it's what people in Iceland use for everyday transactions and how the country manages its economy.
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Encyclopedic overview
The króna ( Icelandic pronunciation: [ˈkʰrouːna]) or krona (sometimes called Icelandic crown; sign: kr; code: ISK) is the currency of Iceland. One króna was formerly divided into 100 aurar (singular "eyrir"; alternative singular "aur", and maybe more used, informally).
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Excerpted from Wikipedia’s “Icelandic króna” article, available under the CC BY-SA 4.0 licence.
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