5 0 0 ▁k ron a ▁notes ▁in ▁ 1 9 3 5 , ▁followed ▁by ▁ 2 5 - ▁and ▁ 1 0 0 0 - k ron a ▁notes ▁in ▁ 1 9 5 7 . ▁ ▁In ▁ 1 9 6 1 , ▁the ▁Se ð lab ank i ▁Í s lands ▁became ▁the ▁central ▁bank ▁of ▁I cel and ▁and ▁started ▁issu ing ▁paper ▁money , ▁in ▁denomin ations ▁of ▁ 1 0 , ▁ 2 5 , ▁ 1 0 0 , ▁and ▁ 5 0 0 ▁k ron a . ▁They ▁were ▁manufact ured ▁in ▁England ▁by ▁De ▁la ▁R ue . ▁ ▁Second ▁k ron a , ▁ 1 9 8 1 – present ▁In ▁ 1 9 8 1 , ▁the ▁I cel and ic ▁k ron a ▁was ▁re valu ed , ▁due ▁to ▁high ▁infl ation , ▁with ▁ 1 0 0 ▁old ▁k ron a ▁( IS J ) ▁being ▁worth ▁ 1 ▁new ▁k ron a ▁( IS K ) ▁and ▁a ▁new ▁ 5 0 0 ▁k ron a ▁bank note ▁was ▁first ▁put ▁into ▁circul ation ▁in ▁ 1 9 8 1 . ▁The ▁ 1 0 0 0 ▁k ron a ▁was ▁put ▁into ▁circul ation ▁in ▁ 1 9 8 4 ▁and ▁the ▁ 5 0 0 0 ▁k ron a ▁in ▁ 1 9 8 6 . ▁The ▁ 2 0 0 0 ▁k ron a ▁bank note ▁was ▁put ▁into ▁circul ation ▁in ▁ 1