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50 Krónur
| Issuer | Central Bank of Iceland |
|---|---|
| Year | 1970-1980 |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Technique | Milled |
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| Obverse description | Central design depicts a frontal elevation of the Althing building (the Icelandic parliament house) in Reykjavik, rendered in precise architectural detail showing the two-storey façade with arched windows, a central doorway, and a rooftop finial bearing a small decorative element. The building occupies the majority of the field. The year of issue is inscribed in large numerals below the building in the lower field. |
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| Obverse lettering | 1976 |
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| Additional information |
Iceland's 50 Krónur series from this decade was issued against a backdrop of the Cod Wars — the bitter dispute between Iceland and Britain over fishing rights that escalated dramatically in the mid-1970s. Iceland's unilateral extension of its fishing limit to 200 nautical miles in 1975 nearly collapsed NATO's northern flank, with Britain briefly withdrawing its ambassador in 1976. The economic nationalism driving those decisions was the same political climate shaping Iceland's monetary policy throughout the series run.