kroon

currency

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June 30, 2026

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The kroon was the official currency of Estonia until January 2011, when it was replaced by the euro. The word "kroon" is derived from the word for "crown," a naming convention shared by several European currencies, including the Danish and Norwegian krone, and the Swedish and Icelandic krona. The kroon was introduced in June 1992, succeeding the Russian ruble as Estonia's currency following its independence.123

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Estonia
Finance
…issued its own currency, the kroon, which was replaced by the euro in January 2011. At the centre of the republic’s banking system is the Bank of Estonia (extant before the Soviet period and reestablished in 1990). In addition to a number of commercial banks, there is also the state-owned…
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…issued its own currency, the kroon, which was replaced by the euro in January 2011. At the centre of the republic’s banking system is the Bank of Estonia (extant before the Soviet period and reestablished in 1990). In addition to a number of commercial banks, there is also the state-owned…
Read More