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1 Króna "Flotkróna"
| Issuer | Central Bank of Iceland |
|---|---|
| Year | 1976-1980 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| In circulation to | 1981 |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse script | Latin |
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| Edge | Reeded |
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| Additional information |
The nickname "Flotkróna" — roughly "floating króna" — stuck not because of any monetary policy but because the coins literally floated on water, a quirk of the aluminium-magnesium alloy that made them light enough to rest on surface tension. Icelandic fishermen reportedly used them as a running joke about the króna's purchasing power during the late 1970s, a period when Iceland was running annual inflation rates that at points exceeded 40%.