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WordNet-Online
Definitions from WordNet
Noun icelandic krona has 1 sense
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Definitions from the WebIcelandic KronaDescription:The Icelandic Krona is the official currency of Iceland. It is abbreviated as ISK and is commonly used for financial transactions and trade within the country. Senses:Sense 1 - Currency:As a currency, the Icelandic Krona is used to buy goods and services in Iceland. It is subdivided into smaller units called "aurar." The coins and banknotes of the Icelandic Krona feature various designs and symbols representing Icelandic culture and history. Sample Sentence 1: I exchanged my US Dollars for Icelandic Krona at the airport. Sample Sentence 2: The prices in the store are displayed in Icelandic Krona. Sense 2 - Economic Indicator:The Icelandic Krona is also used as an economic indicator to measure the financial performance and stability of Iceland. Fluctuations in the value of the Krona can reflect economic changes and impact international trade. Sample Sentence 1: Experts are monitoring the exchange rate of the Icelandic Krona to assess the country's economic situation. Sample Sentence 2: A depreciation of the Krona can boost tourism as it becomes cheaper for foreigners to visit Iceland. Related Products: | ||||
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