The Estonian currency, the Kroon, has a rich history and some interesting facts to share.
The Kroon was introduced in 1928 as a replacement for the Mark.
It's worth noting that the Kroon was pegged to the German Mark at a fixed rate.
In 1992, Estonia introduced a new Kroon, which was pegged to the German Mark at a fixed rate of 1:1.
The Estonian Kroon was replaced by the Euro on January 1, 2011, marking the end of an era for this currency.
Features
The 1 kroon coin has been a staple of Estonia's currency since 1992. It was first introduced as a standard circulation coin and was issued by the Republic of Estonia.
The 1 kroon coin is made of Nordic gold, which is a composition of 89% Copper, 5% Aluminium, 5% Zinc, and 1% Tin. This gives the coin a distinctive look and feel.
The 1 kroon coin has a weight of 5 grams and a diameter of 23.25 mm. It's also 1.7 mm thick, making it a compact and convenient coin to carry.
There are two different designs of the 1 kroon coin. The first was issued from 1998 to 2006 and had a milled edge, while the second was issued from 1992 to 1995 and had a copper-nickel composition.
Here are the specifications of the two different designs:
The 1 kroon coin was demonetized on January 1, 2011, and was replaced by the euro.
Frequently Asked Questions
Can I still exchange the Estonian kroon?
Yes, you can still exchange Estonian kroon banknotes at the Bank of Estonia, with no time limit or amount restrictions.
How much is the Estonian kroon in euros?
The Estonian kroon is equivalent to approximately 0.064 euros. Note: The Estonian kroon is no longer an official currency.
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