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Iceland 50 Krónur
The króna is the official currency of Iceland since 1918 when the country separated the currency from the Danish krone. The name króna is derived from the Latin word “crown” and the official currency symbol: kr. In 1921, the “Ríkissjóður Íslands” (The Treasury of Iceland) took over the currency production and introduced the first coins in denomination of 10 and 25 aurar, followed by 1 krona and 2 krónur and by 1, 2, and 5 aurar pieces in 1926. After a monetary reform carried out in 1981 due to the high inflation suffered by the currency, the króna was revalued. Coins were introduced in denominations of 5, 10, and 50 aurar (cents), and 1 and 5 krónur, followed by 10 krónur in 1984, 50 krónur in 1987, and 100 krónur in 1995. Since 2003, the Icelandic government stopped accepting coins in aurar denominations.
The 50 Icelandic krónur coin front design features the four protectors and guardian spirits (Landvættir) in Norse mythology and Germanic neopaganism, Griðungur the bull, Gammur the eagle, Dreki the dragon, and Bergrisi, the giant; these are also featured on the Icelandic National Coat of Arms. The name of the country on top and the issue date at the bottom. The reverse of the coin illustrates a shore crab (Carcinus maenas) and the denomination. The lettering of the coin is presented in the Icelandic language. This coin is part of the 1987 – 2005 series, its rim is milled, and its color is gold.
Text: FIMMTÍU KRÓNUR, ÍSLAND 2001, 50 KR.
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