Scandinavian Monetary Union after Iceland was elevated to a separate kingdom in union with Denmark in 1918. Iceland cut its ties to Denmark in 1944 and became a republic. The Icelandic króna soon became volatile, causing a high inflation and in 1980 a currency reform was introduced, in which 1 new Icelandic króna was set to 100 original ones.. The Scandinavian Monetary Union was inspired by the Latin Monetary Union, established in 1865. According to economic historians Ingrid Henriksen and Niels Kærgård:Was the Scandinavian Currency Union a success? Yes and no. When the Union functioned at its best, which was only from 1901
Constituencies of Iceland number of votes per seat in parliament in one constituency goes below half of what it is in any other constituency, one seat shall be transferred between them. This has occurred, and as of the elections in 2007, one seat was transferred from the Northwest constituency to the Southwest one. The constituencies are the following (number in brackets indicate number of representatives for that constituency out of 63 total): Constituencies of Iceland Iceland is divided into 6 constituencies for the purpose of selecting representatives to parliament. The current division was established by a 1999 constitution amendment and was an attempt