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| 背面描述 | Blue underprint with ornamental guilloche patterns rendered in brown and gold tones. The Icelandic coat of arms appears in blue at right, with the denomination numeral repeated to the left within the overall decorative border design. |
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| 防伪描述 | Parallel lines with the letters JB between them |
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Íslands Banki was a privately owned commercial bank that held note-issuing privileges in Iceland from 1904 until the state-owned Landsbanki Íslands absorbed those functions in the late 1920s. This 1920 issue came during a period of genuine monetary instability — post-WWI inflation had battered Scandinavian currencies broadly, and the króna was no exception. The bank's reliance on Giesecke & Devrient in Leipzig for production was not unusual for the region; G&D supplied numerous small European issuers who lacked domestic printing infrastructure.
P#16 is among the scarcer survivors of the private issue series, as redemption and destruction were thorough once Landsbanki consolidated control.