The Icelandic monetary unit is the Króna (ISK). The coins in circulation are 1, 5, 10, 50 and 100 Krónas. The notes are 500, 1000, 2000 and 5000 Krónas. Currency exchange is available at all banks around the country. Banks in Iceland are generally open 09:00 – 16:00 Monday through Friday, except on public holidays.
Credit Cards: VISA and MasterCard are the major credit cards in Iceland; both are serviced by all banks in Iceland. MasterCard is the agent for Diners Club and JCB. Please note that there might be a difference between the official currency exchange rate in Iceland and the exchange rate that the credit card companies use for transactions.
Note for visitors from USA: Iceland uses cards with the chip-and-pin system, which requires a 4-digit PIN for purchases. If you only have the “swipe and sign” cards, you may wish to inquire about getting a chip-card from your bank or a major credit card issuer before travelling.
What do you know about Iceland Currency-Tipping
The cost of service and VAT is included in all prices at restaurants, hotels, taxis, bars hairdressers, etc. Tipping is therefore not customary in Iceland, but is nonetheless appreciated when offered.
A night on the city of Reykjavik
Establishments in Reykjavik generally don’t enforce a dress code, but Reykjavik’s cosmopolitan atmosphere is much like bigger European cities and policies like ‘correct’ footwear may apply. Experience the alternative and creative fashion on the streets
General Iceland Currency-Tipping and Globally!
Tipping or service fees is widespread across North America, Canada and also some places in Asia. USA is a country where most people tip in restaurants, bars or any sit-down dining outlets, but the practice is increasingly common also in other places where a service is provided (such as massages, services, sexual services and tourism).
Also, in general, people tip taxicab drivers, hair dressers and hotel doormen. Baristas boast with a tip jar next to the payment screen and cashiers at more and more establishments prompt customers to to tip by offering a little extra on the top of their service and to ensure the satisfaction