About the The Central Bank of Iceland
Source: cb.is

The principal objective of the Central Bank of Iceland is to promote price stability. In addition, the Central Bank of Iceland shall undertake such tasks as are consistent with its role as a central bank, such as maintaining foreign exchange reserves and promoting a sound and efficient financial system, including domestic and cross-border payment systems. The Central Bank of Iceland has the sole right to issue banknotes and to mint and issue coin or other currency that could circulate in place of banknotes or lawful coin.

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The Central Bank of Iceland - Banknotes and coin
Source: cd.is

Like most central banks, the Central Bank of Iceland has the exclusive right to issue notes and coin in Iceland. The name of the currency is króna (pl. krónur). When the Central Bank was established in 1961 it was granted the sole right to issue notes, while the right to issue coins was transferred to the Bank from the National Treasury in 1967. However, the history of note and coin issuing in Iceland dates back to much earlier.

A total of five denominations of notes and five denominations of coins are valid as legal tender in Iceland.The following legal tender is valid in Iceland: Notes to the value of 10000, 5000, 2000, 1000 and 500 kr., and coin to the value of 100, 50, 10, 5 and 1 kr.

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Central Bank of Iceland
Source: en.wikipedia.org

The Central Bank of Iceland (Icelandic: Seðlabanki Íslands) is the central bank or reserve bank of Iceland. It has served in this capacity since 1961, when it was created by an act of the Alþingi out of the central banking department of Landsbanki Íslands, which had the sole right of note issuance since 1927 and had conducted only limited monetary policy.

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