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500 Krónur Law of 2001, no top and bottom border
| Issuer | Seðlabanki Íslands (Central Bank of Iceland) |
|---|---|
| Year | 2005-2013 |
| Type | Log in to see details |
| Value | 500 Krónur |
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| Composition | Log in to see details |
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| Obverse description | Printed in red, the obverse carries an intaglio portrait vignette of independence advocate Jón Sigurðsson at centre, flanked by the denomination numeral to the right and the statutory law reference with authorising signatures to the left. Guilloche underprint patterns fill the field, with the issuing authority inscription and denomination legend arranged across the upper and lower registers. |
|---|---|
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| Protection type | Log in to see details |
| Protection description | Portrait watermark of Jón Sigurðsson |
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| Comments |
The "no top and bottom border" designation marks this as a distinct variety within the P#58 series — a printing variation rather than an error, reflecting a deliberate late-run design adjustment by De La Rue. Iceland's 500 Krónur denomination had been in continuous issue since the 1980s, but the 2001 Law notes extended the series well into the digital banking era, by which point Iceland's catastrophic 2008 financial collapse had already rendered the krónur subject to emergency capital controls. These notes circulated under severe currency restrictions that prevented their export, an unusual constraint for a Western European denomination.