Natural resources of Iceland include fish, hydropower and geothermal power. Oil is expected to be found around Iceland and preparations for search for it have begun.
Quality of life is high in Iceland. The nation is well educated and literacy is among the highest in the world in Iceland, 99%. Longevity and social cohesion are also first-rate by world standards.
Iceland is a constitutional republic that has a relatively stable political environment.
Language
The local language is Icelandic. English is widely spoken along with Nordic languages and German. You will have no problem speaking English to locals.
Money
The official currency of Iceland is the Krona (Kr.). Cash can be withdrawn from debit and credit cards in all local ATM´s. Most foreign money can also be exchanged into Icelandic Krona in all bank outlets.
Please be advised that the exchange rate of the Krona against other currencies can differ between countries. This is a result of the collapse of the Icelandic financial systems in late 2008. We recommend that you do not bring any Icelandic Krona with you back home since it’s very likely you will not be able to change it back to your local currency.
Time
Iceland is Greenwich Mean Time (GMT) + 1 hour.
Telephone / Internet
Public telephones are not widely available in Reykjavik. You might stumble upon one somewhere in the city but most of them have been taken down in recent years following an increased use of personal mobile phones.
Internet is available in all hotels and also in many restaurants and cafes in Reykjavik. Usually there is no charge for use of the internet.
Safety and health
Reykjavik is one of the worlds safest places one can find. Crime against tourists (and locals, actually) is close to being non-existent. This does not mean that tourists can leave valuables lying around anywhere they go, but there is little to be worried about in Reykjavik.
Travelling to Iceland does not require any vaccination nor is it recommended. Water in Iceland is safe to drink and food safety is high.
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