A new banknote worth ISK 10,000 (USD 83, EUR 61), presented by the Central Bank of Iceland and the Icelandic Ministry of Finance late last month, will go into use on October 24. Currently, the highest banknote is worth half as much.
Dedicated to national poet Jónas Hallgrímsson (1807-1845), the banknote is adorned with his profile, along with references to his work of poetry and his work as a natural scientist, as stated on the ministry’s website.
The Central Bank of Iceland first announced its plan for a new banknote at its general meeting in 2012. The purpose is to facilitate and streamline payment intermediation in Iceland, as explained by the Central Bank.
The banknote was designed by Kristín Þorkelsdóttir and Stephen A. Fairbairn.