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The weakness of Iceland’s currency makes it an attractive destination for tourists and expats, according to the Icelandic Tourist Board.
Commenting recently, Sigga Groa Thorarinsdottir, marketing manager of UK and Ireland for the organisation, explained that the value of the krona plummeted in the wake of the nation’s banking collapse, spurring a marked interest from foreigners looking to visit the previously expensive country.
She added that this interest led to Iceland being one of only a handful of countries to register tourism growth in 2009.
"Shopping has increased quite considerably, much more than the incoming tourists so they are coming and spending much more in Icelandic krona because they are spending less in their own currency," she added.
For those considering a move to the country, it may be worth taking out an expat medical insurance policy to cover potential treatment costs in the event of illness or injury, although Iceland in Focus reports that the country has a strong reputation for looking after foreign visitors.
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