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
The Natural History of Iceland in an 1870 issue of "Notes and Queries": Although the contributor to "Notes and Queries" remarked that "Horrebow's chapter is ... not so ridiculous as generally supposed", the earlier English translation of the chapter is still much better-known. The phrase "snakes in Iceland" is listed in the "Oxford English Dictionary", where it is traced to the 1758 translation and defined as "something posited only to be dismissed as non-existent". The Natural History of Iceland The Natural History of Iceland () is a natural history of Iceland by Danish lawyer Niels Horrebow. It was first published in Danish in 1752 with