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5 Krónur Íslands Banki, privat bank issue
| Issuer | Íslands Banki |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Old króna (1885-1980) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | ÍSLANDS BANKI FIMM KRÓNUR (Translation: Bank of Iceland Five Krónur) |
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| Protection type | Watermark |
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| Comments |
Íslands Banki was a privately chartered institution operating under Danish commercial law, and its banknotes occupied an awkward constitutional position — Iceland remained under the Danish crown until 1944, meaning these krónur circulated in a country that was legally autonomous in domestic affairs after 1918 but not yet a republic. Giesecke & Devrient had printed Icelandic notes for years by this point, their Leipzig facilities handling the full production run.
The dual signature pairs reflect the bank's board structure, with one pair authorizing issuance and the other countersigning — a control mechanism common to Scandinavian-influenced banking practice of the period.