Merchants will need to make preparations for the rounding rule that will apply from next year

The rounding rule for the price of a basket of shopping will start to apply in all points of sale in Estonia from 1 January 2025, and it will see the total price of purchases paid for in cash rounded to the nearest five cents. The change will need merchants to set their till systems and accounting software appropriately and will need them to be ready to explain the change to their customers.
Read more

Eesti Panga logo

Eesti Pank Museum

3. May 1919 CENTRAL BANK COMMENCES OPERATIONS. The fixed capital of 10 million marks was recorded in the general ledger and Eesti Pank commenced regular operations.
MUSEUM

On the front, the banknotes display windows and gateways. They symbolise the European spirit of openness and cooperation. The 12 stars of the European Union represent the dynamism and harmony of contemporary Europe. The bridges on the back symbolise communication between the people of Europe and the rest of the world. The architectural style of the particular era was used in the design, with no reference to specific buildings.

Estonian kroon

Exchange kroons
The Estonian monetary system was based on the system of the currency board, meaning that the exchange rate of the kroon was strictly pegged to a reserve currency. From then until 31 December 2001 the exchange rate of the kroon against the German mark was fixed at EEK 8 = DEM 1, and thereafter the exchange rate of the kroon against the euro was fixed at EEK 15.6466 = EUR 1 (the exchange rate effective to date).