gr ím sson ▁appears ▁on ▁the ▁bill , ▁as ▁well ▁as ▁the ▁E uras ian ▁golden ▁p lo ver . ▁Notes ▁of ▁ 1 0 0 ▁k ron a ▁or ▁less ▁are ▁no ▁longer ▁in ▁circul ation , ▁as ▁they ▁have ▁been ▁with dra wn ▁by ▁the ▁central ▁bank . ▁ ▁Iss ues ▁affect ing ▁the ▁I cel and ic ▁k ron a ▁I cel and ▁is ▁not ▁a ▁member ▁of ▁the ▁European ▁Union ▁and ▁does ▁not ▁use ▁the ▁euro . ▁The ▁I cel and ic ▁currency ▁is ▁a ▁low - volume ▁world ▁currency , ▁strongly ▁managed ▁by ▁its ▁central ▁bank . ▁Its ▁value ▁in ▁terms ▁of ▁other ▁curr encies ▁has ▁histor ically ▁been ▁swift ▁to ▁change , ▁for ▁example ▁against ▁the ▁US ▁and ▁Canadian ▁dollars , ▁and ▁the ▁other ▁Nord ic ▁curr encies ▁( S wed ish ▁k ron a , ▁Norwegian ▁kr one , ▁Dan ish ▁kr one ), ▁and ▁the ▁euro . ▁For ▁example , ▁during ▁the ▁first ▁half ▁of ▁ 2 0 0 6 , ▁the ▁I cel and ic ▁k ron a ▁r anged ▁between ▁ 5 0 ▁and ▁ 8 0 ▁per ▁US ▁doll ar . ▁Prior ▁to ▁the ▁currency ' s ▁collapse ▁in ▁October ▁ 2 0 0 8 , ▁the ▁k ron a ▁was ▁considered ▁over valu ed . ▁ ▁In ▁most ▁sh ops ▁electronic ▁payment ▁is ▁accepted . ▁Other ▁curr encies ▁are ▁very ▁rarely ▁accepted ▁in ▁I cel and . ▁A ▁notable ▁exception ▁is ▁K ef lav ík ▁International ▁Airport ▁( which ▁has ▁many