The Republic of Iceland, an island of recent volcanic origin in the North Atlantic east of Greenland and immediately south of the Arctic Circle, has an area of 39,768sq. mi. (103,000 sq. km.) and a population of just over 300,000. Capital: Reykjavik. Fishing is the chief industry and accounts for a little less than 60 percent of the exports.
   Iceland was settled by Norwegians in the 9th century and established as an independent republic in 930. The Icelandic assembly called the Althingi', also established in 930, is the oldest parliament in the world. Iceland came under Norwegian sovereignty in 1262, and passed to Denmark when Norway and Denmark were united under the Danish crown in 1380. In 1918 it was established as a virtually independent kingdom in union with Denmark. On June 17, 1944, while Denmark was still under occupation by troops of the Third Reich, Iceland was established by plebiscite as an independent republic.

RULER
Christian X, 1912-1944

MINT MARK
Heart (h) – Copenhagen

MINTMASTERS’ INITIALS
HCN – Hans Christian Nielsen, 1919-1927
(for Iceland, 1922-1926)
N – Niels Peter Nielsen, 1927-1955
(for Iceland, 1929-1940)

MONEYERS’ INITIALS
GJ – Knud Gunnar Jensen, 1901-1933

MONETARY SYSTEM
100 Aurar = 1 Krona

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