La currency local is the Icelandic krone (ISK). Its value was seriously affected by the economic crisis of 2008. For March 2010, one euro is exchanged for 175 ISK. This makes local products cheaper for foreigners.
Most establishments - even the most desolate hostels - in Iceland accept t. Therefore, it is not necessary to carry a lot of cash. In any case, check with your bank since due to the crisis there is not much confidence in transactions in Icelandic crowns. This is even more difficult with checks or bank notes.
The t y debit most used are Mastercard and Visa. Icelanders are used to using credit cards for minor purchases. If you use Diners Club, you can get cash from Íslandsbanki.
The most commercial streets in Reykjavik are Laugavegur and Skolavordustigur. He Time of most stores is from 10:00 to 18:00. On weekends they open from 11:00 to 16:00. On Sundays most stores close. The exception is Kringlan and Smaralind shopping centers. Both have normal hours on Sundays.
Among the products Icelanders take most pride in are their wool - which comes from a breed of sheep unique in the country - and their handicrafts - such as their music boxes, porcelain sculptures and jewelry.
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