The Cabinet of Jón Magnússon, nicknamed “The Government of High Exchange Rates” (), and “The Work Government” (), was formed 22 March 1924.
Cabinets
Inaugural cabinet
Officeholder Office Jón Magnússon Prime Minister Jón Þorláksson Minister of Finance Magnús Guðmundsson Minister of Employment
Change (8 July 1926)
Officeholder Office Magnús Guðmundsson Prime Minister Minister of Employment Jón Þorláksson Minister of Finance
References