Most people keep the Estonian kroons as a memento



According to a survey by TNS Emor, in December 2011 the majority of Estonian people still had Estonian kroon banknotes or coins, kept as a memento.

The survey revealed that 81 per cent of the respondents have retained some kroon banknotes and coins. 83 per cent of them keep kroon cash as a memento, while 14 per cent have not yet taken the trouble to exchange the currency. None of the respondents claimed to keep the kroon cash for saving.

The survey also showed that 65 per cent of those who still have kroon cash have less than 100 kroons. Less than 3 per cent of the respondents have more than 1,000 kroons left.

Rait Roosve, Head of the Cash and Security Department of Eesti Pank, said that there have been plenty of opportunities to exchange cash, as shown by the results of the survey. "Apparently people cherish the Estonian kroon, but they also consider the euro to be a reliable currency with no need to keep their savings in kroons," Roosve added.

The survey was commissioned by Eesti Pank and it comprised 500 respondents.

Since the start of 2012, kroons can be exchanged into euros in the Eesti Pank Museum at the official exchange rate (1 euro = 15.6466 kroons) and without a service fee for an unlimited period of time. The Eesti Pank Museum is open from Tuesday to Friday from 12:00 to 17:00 and on Saturday from 11:00 to 16:00.
Kroons will be exchanged into euros on the same conditions for another six months also by all cash offices of Swedbank and SEB Pank. In addition, Sampo Pank and Krediidipank will continue to exchange kroons on the same conditions in a limited number of offices. For information please contact the banks' customer support.

For further information:
Viljar Rääsk
Eesti Pank
Public Relations Office
Telephone: +372 668 0745, +372 527 5055