FINANCIAL STABILITY REVIEW. Problem loans will become a slightly greater concern going forward
The level of problem loans in Estonia is currently very low, but the analysis just published by Eesti Pank finds that the volume of them will probably increase a little in the near future. The factor that most affects how able people are to repay their loans is the unemployment rate, while the biggest threat to companies paying their loans is a fall in their sales revenues over a longer period.Read more
1 EUR = 0.8569 GBP
1 EUR = 155.5300 JPY
1 EUR = 11.7270 NOK
1 EUR = 11.2380 SEK
1 EUR = 1.0777 USD
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 kroonExchange 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).