ESTONIA

(EEK) Currency News >>

CURRENCY:

Estonian Kroon - EEK, Symbol Kr

DENOMINATIONS:

NOTE: Kr500, 100, 50, 25, 10, 5, 2 and 1.

COIN: Kr5 and 1, and 50, 20, 10 and 5 senti.

Looking to join Euro very soon.

US DOLLAR ACCEPTED?

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are widely accepted and ATM machines are also available across most towns.

CURRENCY EXCHANGE:

The value of the kroon is tied to the Euro. Currency exchange is easily dealt with at banks and bureaux de change.

TRAVELLER'S CHEQUES:

Best in US dollars, Sterling or Euros. These can be changed at most banks.

BANKING HOURS:

There are some banks which are best for tourists in Estonia, they are: Sampo Pank, Ühispank and Hansapank. Hours are Mon - Fri 0900-1600 - check in advance though as some banks have variations on this. Some banks are open on Saturday mornings.

CURRENCY RESTRICTIONS:

Import and export of both local and foreign currency is limited to EEK 80000 or foreign currency equivalent.

COUNTRY OVERVIEW:

Estonia's full name is the Republic of Estonia and is situated in Northern Europe. One of its borders is on the Baltic Sea. It is closely associated with one of its neighbouring countries, Finland, and indeed the Estonians are a 'Finnic' people. It is part of the EU but has not yet adopted the Euro. The capital is Tallinn and the official language is Estonian.

POPULATION:

Around 1 million.

ECONOMY:

The central bank of Estonia is the Bank of Estonia, and it issued the country's country's currency - the kroon - at the end of the 1920s. The country is known as being stable and even is known as one of the 'Baltic Tiger' countries, due to it's healthy growth at the end of the 1990s up to around 2007. Estonia has worked hard to be something of a bridge between the East and West in Europe and has made much reform and integration with the West since independent from the USSR. It even managed to gain status as one of the strongest countries of the EU since joining in 2002.