2 , ▁by ▁ 2 3 % ▁against ▁the ▁Dan ish ▁kr one , ▁which ▁saw ▁the ▁beginning ▁of ▁an ▁independent ▁mon et ary ▁policy ▁in ▁I cel and , ▁and ▁was ▁to ▁be ▁the ▁first ▁of ▁many ▁subsequent ▁de valu ations ▁of ▁the ▁k ron a . ▁ ▁In ▁ 1 9 2 5 ▁the ▁k ron a ▁was ▁p eg ged ▁to ▁the ▁British ▁p ound ▁for ▁the ▁next ▁ 1 4 ▁years ▁until ▁the ▁spring ▁of ▁ 1 9 3 9 . ▁Later ▁in ▁ 1 9 3 9 ▁the ▁currency ▁was ▁p eg ged ▁to ▁the ▁US ▁D ollar , ▁which ▁was ▁maintained ▁until ▁ 1 9 4 9 . ▁ ▁Co ins ▁I cel and ' s ▁first ▁co ins ▁were ▁ 1 0 - ▁and ▁ 2 5 - aur ar ▁pieces ▁introduced ▁in ▁ 1 9 2 2 . ▁These ▁were ▁followed ▁in ▁ 1 9 2 5 ▁by ▁ 1 ▁k ron a ▁and ▁ 2 ▁k ron a ▁pieces ▁and ▁in ▁ 1 9 2 6 ▁by ▁ 1 -, ▁ 2 - ▁and ▁ 5 - aur ar ▁pieces . ▁In ▁ 1 9 4 6 , ▁the ▁co ins ' ▁designs ▁were ▁alter ed ▁to ▁remove ▁the ▁royal ▁mon ogram ▁( C X R ), ▁following ▁I cel and ic ▁independence ▁from ▁Den mark ▁in ▁ 1 9 4 4 . ▁ ▁Starting ▁in ▁ 1 9 6 7 , ▁new ▁co ins ▁were ▁introduced ▁due ▁to ▁a ▁considerable ▁fall ▁in ▁the