The financial system needs to be strong and able to stand up to risks. This is why Eesti Pank has taken various measures such as requiring additional buffers from the banks and setting restrictions that the banks must adhere to when issuing mortgages.

Eesti Pank works closely with partners in Estonia, within the European Union and with Finland, Sweden and Denmark as the home countries of the banks operating in Estonia to ensure financial stability.

Eesti Pank manages the TARGET2-Eesti payment system and participates in developing the securities settlement platform TARGET2-Securities.

For the economy and the financial system to function properly, interbank payments, card payments and securities transactions need to function efficiently and reliably.

As overseer, Eesti Pank helps make sure that TARGET2-Eesti, the securities settlement system and the card payment system function securely and efficiently.

The research results of the bank are presented in public seminars. These seminars support the exchange of ideas between the central bank and academic circles and economic policy institutions.

Since 2013 the countries in the euro area have been gradually introducing the second series of euro banknotes into circulation. What makes this series stand out is the upgraded security features that use the mythological Greek character Europa, after whom the continent is named.

The euro coins have a national side and a common side, and each country can put its own national design on the national side. All euro coins are legal tender throughout the euro area.

Collector coins are minted from precious metals to celebrate very important people and events. They are legal tender, but their high value means they are more usually used as souvenirs and collectors items than as circulation coins.

Eesti Pank works together with international monetary and financial institutions like the ESRB, the EBA, the BIS and the OECD, and with the European Commission and the Council of the European Union. It also partners the central banks of other countries through the Eurosystem, the European System of Central Banks, and the central banks of the Nordic and Baltic countries. Eesti Pank represents Estonia in the IMF.

Eesti Pank is a constitutional institution that operates under its own statues and under the law. The central bank sets policy for the financial sector and supervises it and the Governor of the bank issues decrees that regulate the banking industry. All the main legislation governing the operation of Eesti Pank is listed here, with links to related laws and decrees.

Information on open positions appears here. Eesti Pank’s policy is to recruit and develop the employees needed for the bank to complete its work successfully, and to motivate the staff and remunerate them competitively. The average length of employment in Eesti Pank is 11 years.