The Icelandic króna (ISK) is the official currency of Iceland. It is subdivided into 100 aurar, although coins of this denomination are no longer in circulation. The króna is issued by the Central Bank of Iceland and is used for all transactions within the country. The symbol for the króna is "kr," and it is often represented by the currency code ISK in international contexts. The value of the króna can fluctuate against other currencies, influenced by factors such as economic conditions, inflation, and trade balances.