Iceland's first coins were 10 and 25 aurar pieces introduced in 1922. These were followed in 1925 by denominations 1 and 2 krónur and in 1926 by denominations of 1 eyrir, and 2 and 5 aurar. In 1946, the coin's designs were altered to remove the royal monogram (CXR), following Icelandic independence from Denmark in 1944, when Denmark (but not Iceland) was occupied by Nazi Germany.
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