Reykjavik, the trading and cultural centre of Iceland at the South-West coast of the island was named "smoking bay" after the famous hot springs of Laugardalur. Today it has a population of around 130,000 - approximately 1/3 of the total population. The capital of iceland has plenty of tourist attractions. A stroll through the old town leads to the main shopping street, Laugavegur, and the pedestrian zone, past the historic Höfdi House (where Reagan and Gorbatschow held their summit in 1986) to the modern basalt church 'Hallgrimskirka'. The church tower offers the best view of the city. Tracing the footsteps of Icelandic history, there are many archaeological finds and artefacts from Viking times on display in the National Museum and art lovers will enjoy the Einar Jonsson Museum with its wonderful sculpture garden.