ic ▁Central ▁Bank ▁attempted ▁to ▁p eg ▁it ▁at ▁ 1 3 1 ▁against ▁the ▁euro . ▁This ▁p eg ▁was ▁abandoned ▁the ▁next ▁day . ▁The ▁k ron a ▁later ▁dropped ▁again ▁and ▁to ▁ 3 4 0 ▁against ▁the ▁euro ▁before ▁trade ▁in ▁the ▁currency ▁was ▁susp ended ▁( by ▁comparison , ▁the ▁rate ▁at ▁the ▁start ▁of ▁ 2 0 0 8 ▁was ▁about ▁ 9 0 ▁k ron a ▁to ▁the ▁euro ). ▁After ▁a ▁period ▁of ▁tent ative , ▁very ▁low - volume ▁international ▁trad ing ▁in ▁the ▁k ron a , ▁activity ▁had ▁been ▁expected ▁to ▁pick ▁up ▁again ▁throughout ▁November ▁ 2 0 0 8 , ▁al beit ▁still ▁with ▁low ▁liquid ity , ▁as ▁I cel and ▁secured ▁an ▁International ▁Mon et ary ▁Fund ▁loan . ▁However , ▁as ▁of ▁January ▁ 2 0 0 9 ▁the ▁k ron a ▁was ▁still ▁not ▁being ▁trad ed ▁regularly , ▁with ▁the ▁European ▁Central ▁Bank ▁( EC B ) ▁reference ▁rate ▁being ▁set ▁only ▁inter mitt ently , ▁the ▁last ▁time ▁on ▁ 3 ▁December ▁ 2 0 0 8 ▁at ▁ 2 9 0 ▁k ron a ▁per ▁euro . ▁ ▁The ▁I cel and ic ▁k ron a ▁similarly ▁fell ▁in ▁value ▁against ▁the ▁US ▁doll ar , ▁from ▁around ▁ 5 0 ▁to ▁ 8 0 ▁per ▁doll ar ▁to ▁about ▁ 1 1 0 – 1 1 5 ▁per ▁doll ar ; ▁by ▁mid - Nov ember ▁ 2 0 0 8 ▁it