"It is not indicated if coins are found in circulation. 3-4 years back, the Central Bank of Iceland indicated plans to introduce new higher value circulation coins. Nothing further has been heard since.

"I assume that with inflation, the circulation coins must have vanished as too small for daily transaction"

Coins are still used in Iceland. I was actually surprised, because we had no need to use anything other than a credit card, though we still exchanged some money to grow the collection and to hear some local jingle in our pockets. In many stores you can still hear people using coins, actually more than in some other countries.

Today the value of the USD is about 113 Icelandic Kronur, when we were there in July it was around 109. Still, the following coins can be found in circulation: 1, 5, 10, 50 and 100 Kronur.

The last year Icelandic Krona was minted was in 2011. This currency has been in use since 1981, when the old Krona was replaced by the new Krona, converting in a 100 to 1 ratio.

The banknotes which are used are 500, 1000, 5000 and 10000 Krona. There are 2000 notes still in circulation, but I believe they are rare.

Hopefully, if we can say so in such shamefull episode, there were not any Numismatic losses in the fire that consumed our National Museum.

That institution was devoted to Natural Sciences, Archeology and Paleontology. Numismatic holdings are under guard of the Museu Histórico Nacional, another institution which suffers from lack of care and financial resources from our previous and current Governments.