The Icelandic kroner was introduced in 1922 at parity with the Danish krona and has since then lost 95.95% of its value.
Admittedly, saying the awful U.S. dollar isn't as lethal as, say, the busted Icelandic krona isn't saying much.
The only rejoicing to be found was in expat hangouts, where dollars, recently worth 70 krona, were suddenly worth 150.
At the beginning of the autumn term he arrived in Upsala hungry and with one krona in his pocket.
