Bank of Estonia 80th Anniversary


Date of Issue : May 3, 1999
Designer : Vello Lillemets
Denomination : 5 kr
Perforation : 14:13¾
Sheet Content : 50 Stamps (5 x 10)
Printing Process : Offset
Printing House : AS Vaba Maa
Quantity Issued : 519 750
Order Number : 167-02-1999
First Day Cover Number : 1999-6
Eesti Post : 80th anniversary Bank of Estonia
Michel : 344

Single franking:

  • International letters up to 20 g to Zone 1
  • Stamps:

    12.06.1997 - 50 kr
    18.06.1998 - 25 kr
    18.06.1999 - 100 kr
    14.03.2000 - 10 kr

    03.05.1999 - Bank of Estonia, 80th anniversary

    The first statutes of the Bank of Estonia were adopted on the first anniversary of the Republic of Estonia, 24 February 1919. On 3 May that year 10 million marks, appointed by the government as the bank's stock capital, was entered into the bank's accounts. That date is regarded as the beginning of the Bank of Estonia's operations.

    The Bank of Estonia was the country's central bank. Its duties included maintenance of the value of the Estonian kroon, stability and safety of the banking system, development of the payments and accounting system and flawless cash circulation.

    In 1940, after Estonia was annexed by the Soviet Union, the Bank of Estonia was reduced into an office of the Soviet Union's State Bank.

    More Information
    Bank of Estonia


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