Hi,
Does anyone know where I can buy Icelandic Kroner in Australia? I know Amex forex sell it but the rate is truly awful.
thanks

Hi,
Does anyone know where I can buy Icelandic Kroner in Australia? I know Amex forex sell it but the rate is truly awful.
thanks

Buying some krona outside Iceland is a terrible idea, even worse than usual because it isn't a traded currency at the moment. If you are going to Iceland, get some when you get there, it's what everyone else does. There's a cash machine at the airport. If you aren't going to Iceland, what do you need them for?
If for some reason you possess no usable plastic card, I suggest you get one of those pre-loaded plastic cards that you don't need a bank account for. Probably even if you are a convicted fraudster or undischarged bankrupt, you can get one of those. If for whatever reason you are a cash-only person, bring Euros, as you won't get a good rate for Aussie dollars.

Thanks for the heads up. Just wanted to have some local currency for airport taxi etc before i used the Reykjavik ATMs. Have plenty of euros to exchange if needed. Pity Iceland is dragging its feet with eurozone entry but i'm sure they will get there eventually
thanks again
You don't need cash for airport taxi. All taxi accept cards. And you would save some money if you use flybus.is
And ATM has instructions in English.
Really, don't worry about not having cash in Iceland. Instead, be careful not to withdraw too much money from the ATM; you'll have a hard time spending cash. Everything and everywhere you can pay with plastic: a hotdog at the gas station, on the bus, even in a remote hut where there is no electricity or running water.
Have a great time in Iceland!

Pity Iceland is dragging its feet with eurozone entry but i'm sure they will get there eventually
I don't really call "being repeatedly democratically rejected" a case of foot-dragging.
Actually Icelandic governments have tried very hard to join, but at the end of the day if the population vote against joining the EU, (as they have always done so far, and I rather suspect will happen again,) it can't happen. The present government has even asked if they could adopt the Euro without first being an EU member, as Montenegro has done, but were firmly told that they can't do so with permission without being an EU member and satisfying the relevant criteria, and to adopt it unilaterally (as Montenegro did) would have some very unpleasant consequences in Iceland's particular case.
Instead, be careful not to withdraw too much money from the ATM; you'll have a hard time spending cash.
I make large cash withdrawals and use cash as much as possible when in foreign countries, including Iceland, because my bank charges me GBP2.50 for every foreign plastic transaction. They only time I had difficulty using cash was with automated unattended gas pumps, and they didn't like my plastic either. I ended up making a cash transactions with another customer. Fortunately I'm only buying a small quantity for my camp stove.

Keep in mind- I think when 'plastic' is referred to in many of these posts, they mean a credit card. If your bank charges you 2.50 for every credit card transaction in a foreign company, it's time to change banks!
But the posts are accurate - leterally everything can be done with credit card. 2 exceptions we found: the penis museum in Husavik, and the IYHF hostel in Laugarvatn.

#5 iviehoff:
1) Icelandic governments have NOT tried very hard to join the EU or adopt the Euro at all until recently. Thus the current economic mess.
2) There has never been any kind of referendum on joining the EU. Thus the EU has never been "democratically rejected". Recent opinion polls have found the majority of the population against EU entry. But opinion polls can hardly be counted as part of the democratic process. Iceland is full of euro-scepticism - I think we are even worse that the British!