iBet uBet web content aggregator. Adding the entire web to your favor.
iBet uBet web content aggregator. Adding the entire web to your favor.



Link to original content: http://economy-finance.ec.europa.eu/euro/eu-countries-and-euro/estonia-and-euro_en?prefLang=lv
Estonia and the euro - European Commission Skip to main content
European Commission logo
enen
Economy and Finance

Estonia and the euro

Estonia joined the European Union in 2004 and adopted the euro on 1 January 2011.

Status

Estonia joined the euro area on 1 January 2011.

Fixed conversion rate 

€1 = 15.6466 Estonian kroonid

Adoption of the euro

The kroon joined the Exchange Rate Mechanism (ERM II) on 28 June 2004 and observed a central rate of 15.6466 to the euro with standard fluctuation margins of ±15%. On 13 July 2010 the Council gave its green light to the adoption of the euro by Estonia on 1 January 2011.

Exchange of former national currency

Estonian kroon banknotes and coins can be exchanged for euros at the Eesti Pank for an unlimited period of time.

Institutions