Estonian kroon

Estonian kroon

Eesti kroon (Estonian)
Banknotes of the Estonia kroon. Coins of the Estonia kroon.
ISO 4217
Code	EEK
Unit
Plural	krooni (Estonian partitive sg.)
Symbol	KR‎
Nickname	paper, The family names of the persons on notes: 100 KR – Koidula, 500 KR – Jakobson etc.
Denominations
Subunit
1⁄100	sent
Plural
sent	senti (Estonian partitive sg.)
Banknotes
Freq. used	2 KR, 5 KR, 10 KR, 25 KR, 100 KR, 500 KR
Rarely used	1 KR, 50 KR
Coins
Freq. used	10, 20, 50 senti, 1 KR
Rarely used	5 senti, 5 KR
Demographics
Date of introduction	20 June 1992
Replaced	Soviet rouble (SUR) 10 SUR = 1 EEK
Date of withdrawal	14 January 2011
Replaced by	Euro (EUR) 15.6466 EEK = 1 EUR
User(s)	None, previously:  Estonia
Issuance
Central bank	Bank of Estonia
Website	www.eestipank.ee
Valuation
Inflation	2.8%
Source	European Central Bank, May 2010
Method	HICP
EU Exchange Rate Mechanism (ERM)
Since	28 June 2004
Fixed rate since	31 December 1998
Replaced by euro, non cash	1 January 2011
Replaced by euro, cash	14 January 2011
1 € =	15.6466 KR
Band	did not fluctuate[1]
This infobox shows the latest status before this currency was rendered obsolete.

The kroon (sign: KR; code: EEK) was the official currency of Estonia for two periods in history: 1928–1940 and 1992–2011. Between 1 January and 14 January 2011, the kroon circulated together with the euro, after which the euro became the sole legal tender in Estonia.^[2][3] The kroon was subdivided into 100 cents (senti; singular sent).

The word kroon (Estonian pronunciation: [ˈkroːn], “crown”) is related to that of the Nordic currencies (such as the Swedish krona and the Danish and Norwegian krone) and derived from the Latin word corona ("crown"). The kroon succeeded the mark in 1928 and was in use until the Soviet invasion in 1940 and Estonia's subsequent incorporation into the Soviet Union when it was replaced by the Soviet ruble. After Estonia regained its independence, the kroon was reintroduced in 1992 and replaced by the euro in 2011.