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: 319, 368 (2009C); 329, 000 (2010E). The census is January, the estimate midyear.
Major Urban Center (2005E): REYKJAVÍK (114, 000).
Official Language: Icelandic.
Monetary Unit: Króna (official rate November 1, 2010: 111.70 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, ...