paper, The family names of the persons on notes: 100 KR – Koidula, 500 KR – Jakobson etc.
Denominations
Subunit
1⁄100
sent
Plural
sent
senti (Estonian partitive sg.)
Banknotes
Freq. used
2 KR, 5 KR, 10 KR, 25 KR, 100 KR, 500 KR
Rarely used
1 KR, 50 KR
Coins
Freq. used
10, 20, 50 senti, 1 KR
Rarely used
5 senti, 5 KR
Demographics
Date of introduction
20 June 1992
Replaced
Soviet rouble (SUR) 10 SUR = 1 EEK
Date of withdrawal
14 January 2011
Replaced by
Euro (EUR) 15.6466 EEK = 1 EUR
User(s)
None, previously: Estonia
Issuance
Central bank
Bank of Estonia
Website
www.eestipank.ee
Valuation
Inflation
2.8%
Source
European Central Bank, May 2010
Method
HICP
EU Exchange Rate Mechanism (ERM)
Since
28 June 2004
Fixed rate since
31 December 1998
Replaced by euro, non cash
1 January 2011
Replaced by euro, cash
14 January 2011
1 € =
15.6466 KR
Band
did not fluctuate[1]
This infobox shows the latest status before this currency was rendered obsolete.
The kroon (sign: KR; code: EEK) was the official currency of Estonia for two periods in history: 1928–1940 and 1992–2011. Between 1 January and 14 January 2011, the kroon circulated together with the euro, after which the euro became the sole legal tender in Estonia.[2][3] The kroon was subdivided into 100 cents (senti; singular sent).
The word kroon (Estonian pronunciation:[ˈkroːn], “crown”) is related to that of the Nordic currencies (such as the Swedish krona and the Danish and Norwegian krone) and derived from the Latin word corona ("crown"). The kroon succeeded the mark in 1928 and was in use until the Soviet invasion in 1940 and Estonia's subsequent incorporation into the Soviet Union when it was replaced by the Soviet ruble. After Estonia regained its independence, the kroon was reintroduced in 1992 and replaced by the euro in 2011.
^General principles of the Estonian monetary system Archived 2012-03-16 at the Wayback Machine, Bank of Estonia
^"Stages of cash changeover". European Central Bank. Retrieved 2010-05-12.
^Ministers offer Estonia entry to eurozone January 1 France24, 8 June 2010
the founding of the Estonian SSR, the last Estonian pre-WW II coin, the new 1 sent (date 1939), was issued. In 1927, before the kroon was officially introduced...
The Bank of Estonia (Estonian: Eesti Pank) is the Estonian member of the Eurosystem and has been the monetary authority for Estonia from 1919 to 2010...
The Estonian mark (Estonian: Eesti mark) was the currency of Estonia between 1918 and 1928. It was running parallel with payment notes from the Clearing...
reforms and technological innovations. In 1992, the country adopted the Estoniankroon as its currency, this stabilised the economy. In 1994, it became the...
crown. It may refer to: Estoniankroon, the former currency of Estonia Hollands Kroon, a municipality in the Netherlands Ciro Kroon (1916–2001), Netherlands...
Austrian schilling Belgian franc Croatian kuna Cypriot pound Dutch guilder Estoniankroon Finnish markka French franc German Mark Greek drachma Irish pound Italian...
The Estonian Reform Party (Estonian: Eesti Reformierakond) is a liberal political party in Estonia. The party has been led by Kaja Kallas since 2018. It...
themselves were to become part of the ERM II at dates to be agreed. The Estoniankroon, Lithuanian litas, and Slovenian tolar were included in the ERM II on...
"Money and currency in Estonia". Visit Estonia. Archived from the original on 10 July 2014. Retrieved 23 July 2013. "EstonianKroon". Oanda. Retrieved 4...
EEK) is a denomination of the Estoniankroon, the former currency of Estonia. Lydia Koidula (1843–1886), who was an Estonian poet and playwright, is featured...
stable currency, the kroon, was established. It is issued by the Bank of Estonia, the country's central bank. The word kroon (Estonian pronunciation: [ˈkroːn]...
Austrian schilling Belgian franc Croatian kuna Cypriot pound Dutch guilder Estoniankroon Finnish markka French franc German mark Greek drachma Irish pound Italian...
Austrian schilling Belgian franc Croatian kuna Cypriot pound Dutch guilder Estoniankroon Finnish markka French franc German Mark Greek drachma Irish pound Italian...
at which the kroon would be exchanged for the euro (€1 = 15.6466 krooni) was also announced. On 20 July 2010, mass production of Estonian euro coins began...
proposed Nordic cross flag design Estonian cross flag proposal made in 1919 Baltoscandia Danish EstoniaEstoniankroon Fennoscandia Intermarium Nordic-Baltic...
The Estonian Soviet Socialist Republic (Estonian SSR), Soviet Estonia, or simply Estonia, was a union republic of the Soviet Union (USSR), covering the...
Austrian schilling Belgian franc Croatian kuna Cypriot pound Dutch guilder Estoniankroon Finnish markka French franc German Mark Greek drachma Irish pound Italian...
blue sky, sea and lakes of Estonia Black: tragic past of Estonian nation, the traditionally black jacket of the Estonian peasant during past times White:...
to re-establish Estoniankroon as the national currency of Estonia was prepared. On 15 March 1990 the Statutes of the Bank of Estonia were approved; on...
Austrian schilling Belgian franc Croatian kuna Cypriot pound Dutch guilder Estoniankroon Finnish markka French franc German Mark Greek drachma Irish pound Italian...
Austrian schilling Belgian franc Croatian kuna Cypriot pound Dutch guilder Estoniankroon Finnish markka French franc German Mark Greek drachma Irish pound Italian...
Austrian schilling Belgian franc Croatian kuna Cypriot pound Dutch guilder Estoniankroon Finnish markka French franc German Mark Greek drachma Irish pound Italian...
Austrian schilling Belgian franc Croatian kuna Cypriot pound Dutch guilder Estoniankroon Finnish markka French franc German Mark Greek drachma Irish pound Italian...
Global Information
Estonia
