The President of Iceland (Icelandic: Forseti Íslands) is Iceland's elected head of state. The president is elected to a four-year term by universal adult suffrage and has limited powers. The constitution does not limit the number of terms the president is allowed to serve. The president is not the head of government; the prime minister is the head of government. There have been five presidents since Iceland became independent from Denmark in 1944. The incumbent is Ólafur Ragnar Grímsson, who is now in his fifth term as president, first elected in 1996, and most recently re-elected in 2012.
The presidential residence is situated in Bessastaðir in Álftanes, near the capital city Reykjavík. The nation's constitution specifies that when the president cannot perform the duties of the office, such as when he or she is abroad or under anesthesia, the prime minister, the president of the parliament, and the president of the supreme court collectively assume the power of the office. The three vote on any presidential decisions that must be made during that time. The president is also the designated grand master of the Order of the Falcon.
Read more about President Of Iceland: List of Presidents, Latest Election
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