Iceland

McDonald's will close its restaurants in Iceland this week after currency fluctuations threatened to make Icelandic Big Macs the world's most expensive.

Magnus Ogmundsson, CEO of Iceland's McDonald’s franchise owner Lyst, told Bloomberg that rising costs would have meant a Big Mac would cost US$6.36, the most expensive in the world, according to the Economist's Big Mac Index.

Norway and Switzerland currently have the world’s most expensive Big Macs, at US$5.75.

Iceland's economy collapsed last year as the global financial crisis gathered pace leaving Icelanders grappling with soaring prices and a national currency – the kronur – that dived 80 percent as the nation’s banks collapsed.

LIST OF REASONS WHY ICELAND SHOULD NUKE ITSELF IMMEDIATELY

- Can't produce a cheaper burger than those Swiss fence-sitting freaks.

- Chief export: Bjork.

- Landmass looks like a badly decomposed crab.

- Despite proximity to the Arctic Circle and thus extreme familiarity with ice, couldn't beat a team of Yankee street punk fuckups at Ice Hockey at the 1994 Junior Goodwill Games.

- General populous probably smells like fish.

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