▁value ▁of ▁the ▁k ron a . ▁ 1 0 ▁k ron a ▁co ins ▁were ▁introduced ▁in ▁that ▁year , ▁followed ▁by ▁ 5 0 ▁aur ar ▁and ▁ 5 ▁k ron a ▁pieces ▁in ▁ 1 9 6 9 ▁and ▁ 5 0 ▁k ron a ▁pieces ▁in ▁ 1 9 7 0 . ▁ ▁Bank notes ▁The ▁first ▁notes ▁issued ▁in ▁ 1 8 8 5 ▁by ▁the ▁Land ss j ó ð ur ▁Í s lands ▁were ▁in ▁denomin ations ▁of ▁ 5 , ▁ 1 0 ▁and ▁ 5 0 ▁k ron a . ▁In ▁ 1 9 0 4 , ▁the ▁Bank ▁of ▁I cel and ▁( Í s lands ▁Bank i ) ▁took ▁over ▁note ▁production ▁and ▁introduced ▁ 1 0 0 ▁k ron a ▁notes . ▁In ▁ 1 9 2 1 , ▁the ▁R ík iss j ó ð ur ▁Í s lands ▁began ▁issu ing ▁paper ▁money , ▁with ▁notes ▁for ▁ 1 , ▁ 5 , ▁ 1 0 ▁and ▁ 5 0 ▁k ron a . ▁ ▁In ▁ 1 9 2 8 , ▁another ▁bank , ▁the ▁Land s bank i ▁Í s lands , ▁took ▁over ▁issu ance ▁of ▁denomin ations ▁of ▁ 5 ▁k ron a ▁and ▁above , ▁with ▁the ▁R ík iss j ó ð ur ▁Í s lands ▁continu ing ▁to ▁issue ▁ 1 ▁k ron a ▁notes ▁until ▁ 1 9 4 7 . ▁The ▁Land s bank i ▁Í s lands ▁introduced ▁