ICELAND

Republic of Iceland Lveldi Ísland CAPITAL: Reykjavík FLAG: The national flag, introduced in 1916, consists of a red cross (with an extended right horizontal), bordered in white, on a blue field. ANTHEM: O Gu vors lands (O God of Our Land). MONETARY UNIT: The new króna (K), introduced 1 January 1981 and equivalent to 100 old krónur, is a paper currency of 100 aurar. There are coins of 5, 10, and 50 aurar and 1, 10 and 50 krónur, and notes of 10, 50, 100, 500, 1,000 and 5,000 krónur. SK1 = $0.01319 (or $1 = K75.8) as of May 2003. WEIGHTS AND MEASURES: The metric system is used. HOLIDAYS: New Year’s Day, 1 January; First Day of Summer, April; Labor Day, 1 May; National Holiday, 17 June; Bank Holiday, August; Christmas, 25–26 December. Movable religious holidays include Holy Thursday, Good Friday, Easter Monday, Ascension, and Whitmonday. Half-holidays are observed on Christmas Eve, 24 December, and New Year’s Eve, 31 December. TIME: GMT.