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Bills Will not Be Banned

Initial responses to a proposal to take the 5,000 and 10,000 króna bills out of circulation to counter tax evasion show that society is not yet ready for such a radical idea, according to Iceland’s Minister of Finance Benedikt Jóhannesson.

Smáralind.

Too Expensive, So She Shoplifted

A woman intending to make some purchases at a shopping mall yesterday evening decided to shoplift the goods instead because she felt the prices were too high.

Icelandic money

Króna Will Likely Rise Again after Dip

Despite a recent drop in the value of the Icelandic króna, it is likely to keep rising in the long term, according to Daníel Svavarsson, an economist at Landsbankinn bank.

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Face to Face with Sheep Placenta

Five students at Reykjavík University are planning to put on the market a facial cream including an active ingredient made from the placenta of Icelandic sheep.

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