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Republic of Iceland
Political Status: Independent republic established June 17, 1944; under democratic parliamentary system.
Area: 39,768 sq. mi. (103,000 sq. km.).
Population: 339,699 (2012E—UN); 313,183 (2012E—U.S. Census).
Major Urban Center (2005E): REYKJAVÍK (114,000).
Official Language: Icelandic.
Monetary Unit: Króna (official rate October 3, 2011: 118.78 krónur = $1US).
President: Dr. Ólafur Ragnar GRÍMSSON (previously People's Alliance); elected on June 29, 1996, and inaugurated on August 1 for a four-year term, succeeding Vigdís FINNBOGADÓTTIR (nonparty); term extended for an additional four years when no potential opponent met the May 19, 2000, deadline for filing the required number of nominating signatures; reelected on June 26, 2004; and term extended for another four years when no opponent met the May 24, 2008, deadline for obtaining the requisite number of nominating signatures; inaugurated for ...