Page 29 - Untamed Iceland

MONEY MATTERS

Top Three Tips
• Carry a mix of different types of payments, such as local currency, an ATM card, and a
credit card.

• Traveler’s checks are not recommended. ?SPd NLY MP OTʯN`W_ _Z PcNSLYRP LYO _SP
commission fee for cashing them is quite high. It’s more practical to view them as a last
resort in the event of a special situation.

• Plan to bring a reserve of cash if you are taking the Greenland extension. ATMs can be
OTʯN`W_ _Z ʭYO LYO ^S`_ OZbY L_ YTRS_ TY 2]PPYWLYO BP ]PNZXXPYO _SL_ dZ` M]TYR L
combination of cash and a credit card instead of relying on ATMs.

Local Currency

For current exchange rates, please refer to an online converter tool like www.xe.com/
currencyconverter dZ`] MLYV Z] _SP ʭYLYNTLW ^PN_TZY ZQ dZ`] YPb^[L[P]

Iceland

?SP ZʯNTLW N`]]PYNd ZQ 4NPWLYO T^ _SP 4NPWLYOTN krona (plural krónur). The krona is divided into
100 eyrir. Banknote and coin denominations are as follows:

• Banknotes: 500, 1000, 2000, 5000, and 10,000 Icelandic krónur

• Coins: 1, 5, 10, 50, and 100 Icelandic krónur

U.S. dollars are not widely accepted in Iceland; the local currency is preferred.

Greenland
?SP ZʯNTLW N`]]PYNd ZQ 2]PPYWLYO T^ _SP /LYT^S krone (plural kroner). The krone is divided into
100 øre, although only the 50 øre coin is still in use. Banknote and coin denominations are
as follows:

• Banknotes: 50, 100, 200, 500, and 1000 kroner

• Coins: 50 øre and 1, 2, 5, 10, and 20 kroner

U.S. dollars are accepted by some hotels in Greenland; in other businesses the local currency is
preferred.

29