Historic Iranian Rial Icelandic Krona

Iranian Rial icelandic krona history for February 2024. The highest quote for this month is 0.003307 (08/02/2024) and the lowest 0.003291 (14/02/2024). The difference between high and low is 0.48.

IRR ISK average rate for February 2024 is 0.00327, the change between 01/02/2024 and 29/02/2024 is -0.34 %.

01 February 20241 IRR = 0.0033 ISK
02 February 20241 IRR = 0.0032 ISK
05 February 20241 IRR = 0.0033 ISK
06 February 20241 IRR = 0.0033 ISK
07 February 20241 IRR = 0.0033 ISK
08 February 20241 IRR = 0.0033 ISK
09 February 20241 IRR = 0.0033 ISK
12 February 20241 IRR = 0.0033 ISK
13 February 20241 IRR = 0.0033 ISK
14 February 20241 IRR = 0.0033 ISK
15 February 20241 IRR = 0.0033 ISK
16 February 20241 IRR = 0.0033 ISK
19 February 20241 IRR = 0.0033 ISK
20 February 20241 IRR = 0.0033 ISK
21 February 20241 IRR = 0.0033 ISK
22 February 20241 IRR = 0.0033 ISK
23 February 20241 IRR = 0.0033 ISK
26 February 20241 IRR = 0.0033 ISK
27 February 20241 IRR = 0.0033 ISK
28 February 20241 IRR = 0.0033 ISK
29 February 20241 IRR = 0.0033 ISK

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.