Currency for Iceland
The Icelandic Krona (ISK) is now the official currency of Iceland. Which is split in to 100 aurar
Icelandic Krona Currency Denominations
Note Currency - Kr 1 - Kr 5 - Kr 10 - Kr 50 - Kr 100 - Kr 500 - Kr 1000 - Kr 2000 - Kr 5000
Currency restrictions - There are no restrictions on the import and export of either local or foreign currency.
Tipping - Many restaurants will charge a service fee as part of the bill. If you're keen to tip it is customary to leave a 10-15% tip in a sit-down restaurant, taxi-drivers will get 5-10% depending on the city.
Bank Opening Hours - Monday to Friday from 10.00 am to 16.00 pm or from 11.00 pm to 17.00 pm. Some banks are also open on Saturday morning.
In Iceland, you can exchange your currency at most Banks as well as many exchange bureaus that you will find in popular areas, such as Greater Reykjavik area, Reykjavik, Akureyri, Garoabaer and Hafnarfijorour. In most banks when you are exchanging currency, you will need your passport. If you do not have this with you, then the bank may refuse to exchange your currency
Money Transfer Iceland Banking Services
You can use any of the following services to send and receive your money, any major bank and all bank ATM Machines. Anywhere there are acceptance signs for MasterCard, Visa or American Express this includes Icelandic Krona travel money cards. Exchanging Currency is easy and most places offer a good rate of exchange even when exchanging Travellers Cheques.