diff --git a/core-util/src/main/java/org/signal/core/util/money/FiatMoney.java b/core-util/src/main/java/org/signal/core/util/money/FiatMoney.java
index c197596ab6..acdee2d2e8 100644
--- a/core-util/src/main/java/org/signal/core/util/money/FiatMoney.java
+++ b/core-util/src/main/java/org/signal/core/util/money/FiatMoney.java
@@ -5,10 +5,18 @@ import androidx.annotation.NonNull;
 import java.math.BigDecimal;
 import java.text.NumberFormat;
 import java.util.Currency;
+import java.util.HashSet;
 import java.util.Locale;
 import java.util.Objects;
+import java.util.Set;
 
 public class FiatMoney {
+
+  private static final Set<String> SPECIAL_CASE_MULTIPLICANDS = new HashSet<>() {{
+    add("UGX");
+    add("ISK");
+  }};
+
   private final BigDecimal amount;
   private final Currency   currency;
   private final long       timestamp;
@@ -54,7 +62,7 @@ public class FiatMoney {
   }
 
   /**
-   * Note: This special cases UGX to act as two decimal.
+   * Note: This special cases SPECIAL_CASE_MULTIPLICANDS members to act as two decimal.
    *
    * @return amount, in smallest possible units (cents, yen, etc.)
    */
@@ -63,7 +71,8 @@ public class FiatMoney {
     formatter.setMaximumFractionDigits(0);
     formatter.setGroupingUsed(false);
 
-    BigDecimal multiplicand = BigDecimal.TEN.pow(currency.getCurrencyCode().equals("UGX") ? 2 : currency.getDefaultFractionDigits());
+    String     currencyCode = currency.getCurrencyCode();
+    BigDecimal multiplicand = BigDecimal.TEN.pow(SPECIAL_CASE_MULTIPLICANDS.contains(currencyCode) ? 2 : currency.getDefaultFractionDigits());
 
     return formatter.format(amount.multiply(multiplicand));
   }
diff --git a/core-util/src/test/java/org/signal/core/util/money/FiatMoneyTest.java b/core-util/src/test/java/org/signal/core/util/money/FiatMoneyTest.java
index bfb25a6ae6..a883c0e169 100644
--- a/core-util/src/test/java/org/signal/core/util/money/FiatMoneyTest.java
+++ b/core-util/src/test/java/org/signal/core/util/money/FiatMoneyTest.java
@@ -80,4 +80,28 @@ public class FiatMoneyTest {
     // THEN
     assertEquals("10000", result);
   }
+
+  @Test
+  public void given100ISK_whenIGetDefaultPrecisionString_thenIExpect100() {
+    // GIVEN
+    FiatMoney fiatMoney = new FiatMoney(BigDecimal.valueOf(100), Currency.getInstance("ISK"));
+
+    // WHEN
+    String result = fiatMoney.getDefaultPrecisionString();
+
+    // THEN
+    assertEquals("100", result);
+  }
+
+  @Test
+  public void given100ISK_whenIGetMinimumUnitPrecisionString_thenIExpect10000() {
+    // GIVEN
+    FiatMoney fiatMoney = new FiatMoney(BigDecimal.valueOf(100), Currency.getInstance("ISK"));
+
+    // WHEN
+    String result = fiatMoney.getMinimumUnitPrecisionString();
+
+    // THEN
+    assertEquals("10000", result);
+  }
 }
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