Kroon

The Kroon is the official currency of Estonia.

One kroon is divided into 100 sent (singular). The ISO 4217 code is EEK.

Historically, the Estonian Kroon was pegged to the Deutsche Mark; it is now attached to the Euro and has been stable since 1993 at a rate of 15.64664 Krooni to the Euro.

Notes in circulation: 1, 2, 5, 10, 25, 50, 100, 500 Krooni. Coins in circulation: 5, 10, 20, and 50 Senti, 1 Kroon and 5 Krooni.

The kroon is now pegged closely to the Euro in ERM II, the EU's exchange rate mechanism. Estonia was party to joining the mechanism since joining the EU - actual entry was on 28 June 2004 [1].