Friday, March 30, 2007
Estonian Monetary System
In Estonia the central bank performs its constitutional function - to maintain the stability of the national currency, the kroon, - by applying a fixed-exchange-rate-system based monetary policy.
The Estonian kroon is fixed against the euro at 1 EUR = 15.6466 EEK.
As a member state of the European Union, Estonia has an obligation to adopt the euro.
The Estonian kroon is fixed against the euro at 1 EUR = 15.6466 EEK.
As a member state of the European Union, Estonia has an obligation to adopt the euro.
# posted by Sopyan MK @ 5:01 AM 
