Reintroduction of the Estonian kroon,
10th birth anniversary

Date of Issue : June 10, 2002
Designer : Lembit Lõhmus
Denomination : 2 x 4 kr 40 s
Perforation : 14:13¾
Size of Souvenir Sheet : 53 x 75
Printing Process : Offset
Printing House : AS Vaba Maa
Quantity Issued : 61 835
Order Number : 253-02-2002
First Day Cover Number : 2002-13
Eesti Post : Reintroduction of the Estonian kroon, 10th birth anniversary

The Estonian kroon was reintroduced as the official currency in Estonia as of 4 a.m. on 20 June 1992, and in the next few days residents were issued their first 150 kroons against 1,500 Soviet roubles.

The Estonian monetary system is based on the currency board principle, with the kroon pegged first to the German mark and later to the euro. The currency reform ended the country's dependence from Soviet economy and set the basis for fast economic development. The European Central Bank has confirmed suitability of the Estonian monetary system until accession to the European Monetary Union.

Postage stamps dedicated to the Estonian kroon have been issued in the country before. There is a set of four stamps, with the first stamp of 50 kroons face value issued shortly before the 5th anniversary of the reintroduction of the national currency in 1997. Five years later, Estonian Post marks the 10th anniversary of the currency reform by issuing a souvenir sheet of two 4.40 kroon stamps featuring portraits of the poetess Lydia Koidula and the journalist, writer and teacher Carl Robert Jakobson, key elements of the 100 and 500 kroon notes respectively. The portraits are by Vladimir Taiger, designer of all Estonian banknotes except 1 kroon and 2 kroons.

More Information:

  • Bank of Estonia

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