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What is the old currency of Estonia? Information about Estonian Kroon!

by Financial Economy
What-is-the-old-currency-of-Estonia-Information-about-Estonian-Kroon

Estonia is a small state in the west of Russia, in the north of Europe, both in terms of surface area and population. It is among the smallest states in the world with a population of around 1 million 300 thousand people. Estonia declared its independence from the Union of Soviet Socialist Republics in 1991. Today, it is a member of NATO. In addition, Estonia is a member of the European Union. Information about the Estonian old currency is in the rest of the article.

What is the old currency of Estonia? What is Estonia Kroon?

Estonia is a small country in Northern Europe with 2222 islands on the Baltic Sea. Estonia, which is a member of the European Union, is also located in the Euro Zone. Estonian currency is Euro. The country, which uses the Euro as its official currency, has been using the national currency until recently. You can browse here for information about the French Franc.

Estonia Kroon is the national currency of Estonia. Currently Estonian Kroon is not in circulation. Estonia, which declared its independence from the USSR in 1991, became a member of the European Union in 2002. Estonia, which used its own currency Estonian Kroon until 2011, switched to Euro in 2011. The Estonian Kroon was used between 1928–1940 and 1992–2011. During the period, it has not been used outside of Estonia. In those years, Estonia was also worthless because Estonia was not economically in good shape. It was printed by the Estonian Central Bank. It is known as Eesti kroon in the local language. The plural of Estonian Kroon is expressed as “Krooni” in the local language.

What are Estonian Kroon banknotes and coins?

Estonian Kroon banknotes used while in circulation are as follows:

  • 1 Kroon
  • 2 Krooni
  • 5 Krooni
  • 10 Krooni
  • 20 Krooni
  • 50 Krooni
  • 100 Krooni
  • 500 Krooni

The Estonian Krona subunit is known as the sent. Sent is valid for singular uses. The phrase “senti” is valid in plural uses. Estonian Kroon coins used while in circulation are as follows:

  • 5 senti
  • 10 senti
  • 20 senti
  • 50 senti
  • 1 kroon
  • 5 krooni

For details: https://en.wikipedia.org/wiki/Estonian_kroon#:~:text=The%20kroon%20(sign%3A%20kr%3B,sole%20legal%20tender%20in%20Estonia.

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