ISK

Isk is the ISO 4217 currency code used to denote the Icelandic króna, the official currency of Iceland. In international finance and trade, amounts in Iceland are quoted in ISK. Locally, the currency is often written with the symbol kr, while in formal financial contexts the code ISK is used to avoid confusion with other currencies.

The Icelandic króna is issued by the Central Bank of Iceland, known in Icelandic as Seðlabanki Íslands. It is subdivided into 100 aurar, though aurar are rarely used in day-to-day transactions. Banknotes and coins in current circulation feature designs reflecting Icelandic culture and history. The ISK value on markets is determined by floating exchange rates and is influenced by broader macroeconomic conditions and monetary policy.

In practice, ISK functions like other modern currencies, being used for pricing, accounting, and financial reporting within Iceland and in international settlements involving Iceland. The central bank pursues monetary policy aimed at price stability and financial stability, adjusting instruments such as interest rates as part of its mandate. While the term isk may appear in various contexts outside finance, in economic and currency discussions it primarily denotes the Icelandic krona and its ISO code ISK.