Events in the year 1788 in Iceland.
Incumbents
Monarch: Christian VII Governor of Iceland: Hans Christoph Diederich Victor von Levetzow
Events January 1 – Christian VII abolishes trade monopolies at the end of the year, trade in Iceland becomes free to all citizens of the King of Denmark.
Births
September 25: Björn Gunnlaugsson, mathematician and cartographer.
References