Kroon

The kroon (ISO 4217 code: EEK) is the official currency of Estonia.

Related Topics:
ISO 4217 - Currency - Estonia

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One kroon is divided into 100 sent (singular).

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Historically, the Estonian kroon was pegged to the Deutsche Mark; it is now attached to the euro and has been stable since 20 June1992 at a rate of 15.64664 krooni to the euro. Since 2004 is rate of 15.6466 krooni to the euro.

Related Topics:
Deutsche Mark - Euro - 20 June - 1992 - 2004

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Notes in circulation: 1, 2, 5, 10, 25, 50, 100, 500 krooni.

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Coins in circulation: 5, 10, 20, and 50 senti, 1 kroon and 5 krooni.

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The kroon is now pegged closely to the Euro in ERM II, the EU's exchange rate mechanism. Estonia was party to joining the mechanism since joining the EU - actual entry was on 28 June 2004 http://www.ecb.int/press/pr/date/2004/html/pr040627_2.en.html.

Related Topics:
Euro - ERM II - 28 June - 2004

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