But the biggest appeal for would-be visitors is likely to be the fall in value of the Icelandic krona.

Those exemptions made it possible to conduct carry trades by issuing so-called Glacier bonds in Icelandic krona and enter derivatives contracts with domestic banks.

The band members have admitted they evaded 151m Icelandic krona (£840,000) in taxes between 2011 and 2014.

Like most clubs in Iceland it is open to the public as well as members, charging a guest fee of 6,900 Icelandic krona ($57).

Like most clubs in Iceland it is open to the public as well as members, charging a guest fee of 6,900 Icelandic krona (36.5 pounds).