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===Coins=== [[File:Coins of Iceland Island 25 aurar 1925 10 aurar 1922.jpg|thumb|The 10 and 25 aurar coins introduced in 1922]] Iceland's first coins were 10 and 25 aurar pieces introduced in 1922. These were followed in 1925 by 1 krona and 2 krona pieces and in 1926 by 1, 2 and 5 aurar pieces. In 1946, the coins' designs were altered to remove the royal monogram (CXR), following [[1944 Icelandic constitutional referendum|abolition of the Icelandic monarchy]] (which had formed a [[personal union]] with Denmark) in 1944. Starting in 1967, new coins were introduced due to a considerable fall in the value of the krona. 10 krona coins were introduced in that year, followed by 50 aurar and 5 krona pieces in 1969 and 50 krona pieces in 1970.
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