Money & duty free for Iceland

Exchange rates:

Icelandic krona
C$1 = Kr85.13
€1 = Kr118.77
£1 = Kr141.65
US$1 = Kr114.2

Currency & Money

Currency information

Icelandic krona (ISK; symbol kr) = 100 aurar. Notes are in denominations of kr5,000, 2,000, 1,000 and 500. Coins are in denominations of kr100, 50, 10, 5 and 1 and feature Iceland’s many native fish species. It is often difficult to get Icelandic money abroad, though not impossible; there are several ATMs and banks at the airport on arrival.

Credit cards

American Express, Diners Club, MasterCard and Visa are widely accepted.


ATMs are available throughout the country.

Travellers cheques

Accepted, although mainly in key urban areas. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars.

Banking hours

Mon-Fri 0915-1600.

Currency restriction

There are no restrictions on the import or export of local or foreign currency.

Currency exchange

Foreign currencies can be exchanged in all major banks. Most hotels also provide their guests with exchange services, which may cost more.

Iceland duty free

The following goods may be imported into Iceland by persons over 18 years of age (tobacco products) or 20 years of age (alcoholic beverages) without incurring customs duty:

• 200 cigarettes or 250g of other tobacco products.
• 1L of spirits and 0.75L of wine and 3L of beer; or 3L of wine and 6L of beer; or 1L of spirits and 9L of beer; or 1.5L of wine and 12L of beer; or 18L of beer.
• 3kg of food not exceeding kr25,000.
• Icelandic residents may bring goods up to the value of kr88,000.

Visitors may bring conventional medicines suitable for personal needs during their stay to cover up to a maximum of 100 days. Customs officers can request a doctor's certificate if appropriate.

You can find complete customs information at

Banned imports

Prohibited imports include used riding gear (including saddles, bridles, halters and leather whips), uncooked meats, milk and eggs, snuff, narcotics and weapons.

Resticted imports include telecommunications equipment (other than your mobile phone), angling gear and riding clothing (which require disinfection certificates), firearms and ammunition (which require a police permit), animals, plants and medicines.

Banned exports

Protected plant species, birds, birds' eggs, eggshells and nests.

You must obtain permission from the Icelandic Museum of Natural History to export objects of historical or archaeological value.

Visa and passport information is updated regularly and is correct at the time of publishing. You should verify critical travel information independently with the relevant embassy before you travel.