Icelandic Krona (currency)

Icelandic Krona, nominal value:

 

Icelandic Krona, adjusted for inflation (M2 inflation):

 

Half-life of Icelandic Krona is 8.05 years. But hey! Take a look on data starting by the end of 2008/2009 financial crisis.

 

Iceland, the tiny but very democratic country, was the only country that prosecuted, sentenced and jailed bankers for creating financial collapse.

Since then Iceland went on the path of honest/sound monetary policy. Ladies and gentlemen you are looking at the winner. Icelandic Krona since the the end of crisis is the strongest and most stable currency in the world beating even the Swiss Frank. I’m happy to say: “Democracy works!”

Main menu

Leave a Reply

Your email address will not be published. Required fields are marked *