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The Kingdom of Iceland (Icelandic: Konungsríkið Ísland; Danish: Kongeriget Island) was a sovereign and independent country under a constitutional and hereditary monarchy that was established by the Act of Union with Denmark signed on 1 December 1918. [2]
The union between Denmark and Norway, ignoring some shorter periods, lasted until 1814, when Norway briefly gained independence, and Iceland became an integral part of Denmark until 1918, when Iceland was recognised as a fully sovereign state in personal union with Denmark under a common monarch, on 1 December that same year. [citation needed]
Japan, considered a constitutional monarchy under the Imperial House of Japan, is traditionally said to have originated with the mythical Emperor Jimmu. The first verifiable historiographical evidence begins with Emperor Kinmei in the 6th century. It is the oldest continuous hereditary monarchy in the world. [3]
Iceland is the only country in the world to have a population under two million yet still have a floating exchange rate and an independent monetary policy. [145] A poll released on 5 March 2010 by Capacent Gallup showed that 31% of respondents were in favour of adopting the euro and 69% opposed. [ 146 ]
Most states only have a single monarch at any given time, although a regent may rule when the monarch is a minor, not present, or otherwise incapable of ruling. [5] Cases in which two monarchs rule simultaneously over a single state, as is the current situation in Andorra, are known as coregencies .
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Iceland fear the unknown as scientists predict “new eruption phase” - here is what we know so far
The monarchy was abolished again on 14 April 1931, first by the Second Spanish Republic – which lasted until 1 April 1939 – and subsequently by the dictatorship of Francisco Franco, who ruled until his death on 20 November 1975. Monarchy was restored on 22 November 1975 under Juan Carlos I, who was also the monarch until his abdication in 2014.