2 Krooni Currency of Estonia Explained

Author

Reads 5.7K

Close-Up Photo Of Person Holding Banknote
Credit: pexels.com, Close-Up Photo Of Person Holding Banknote

The Estonian kroon was the official currency of Estonia from 1928 to 2011, when it was replaced by the euro. It was subdivided into 100 cents.

The kroon was introduced in 1928 to replace the mark, which was the currency used during Estonia's time as part of the Soviet Union. This change was a significant step towards Estonia's independence.

The Estonian kroon was pegged to the German mark until Estonia's independence in 1991, when it floated on the foreign exchange market.

What is 2 Krooni

2 Krooni is a currency from Estonia, introduced in 1992 as part of the country's transition to independence.

It's subdivided into 100 smaller units called senti.

The name "kroon" is derived from the Estonian word for crown.

The currency was initially pegged to the German mark, but it's now part of the eurozone and uses the euro as its official currency.

Estonia 2007 UNC

The Estonia 2 Krooni, 2007 UNC, is a notable note. It was issued by the Bank of Estonia.

Capture of a serene sunset at Muraste, Estonia with rocks and tranquil waters.
Credit: pexels.com, Capture of a serene sunset at Muraste, Estonia with rocks and tranquil waters.

This note is part of the 2002–2007 Issues series. The year of issue is 2007.

The UNC grade indicates that the note is in uncirculated condition. The substrate is paper.

The note measures 140 x 69 mm in size. The colors featured are blue and gray.

The printer responsible for this note is Giesecke & Devrient.

Details

The 2 krooni banknote was issued by the Bank of Estonia, also known as Eesti Pank, in Estonia.

The issuing regime for this banknote was the Republic of Estonia, which started in 1991.

It was a standard circulation banknote, designed for everyday use.

The 2 krooni banknote was part of the new kroon currency, which was introduced in 1992 and used until 2011.

Here are some key dimensions of the 2 krooni banknote:

The 2 krooni banknote was made of paper and was rectangular in shape, measuring 140 × 70 mm.

It was demonetized, meaning it is no longer a valid form of currency.

Frequently Asked Questions

Can I still exchange the Estonian kroon?

Yes, you can exchange Estonian kroon banknotes at the Bank of Estonia in unlimited amounts for an unlimited time. The exchange rate is fixed at 1 EUR = 15.6466 EEK.

Angel Bruen

Copy Editor

Angel Bruen is a seasoned copy editor with a keen eye for detail and a passion for precision. Her expertise spans a variety of sectors, including finance and insurance, where she has honed her skills in crafting clear and concise content. Specializing in articles about Insurance Companies of Hong Kong and Financial Services Companies Established in 2013, Angel ensures that each piece she edits is not only accurate but also engaging for the reader.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.