Estonia holidays, information. Money and prices in Estonia What is the currency in Estonia now
Estonia is one of the countries of the European Union with a rich history not only of its people, but also of the state’s currency. Over the course of several centuries, the country has undergone changes in all spheres of life. This also applies to the national bank. During this time, the republic has changed many banknotes and coins. So what is the currency in Estonia and what are its features, we will tell you in this article.
National money in Estonia appeared back in 1918, and was called marks. They were replaced by the Estonian kroon. During the period when the state was in the USSR, Soviet rubles circulated in the territory; later Estonian money was reintroduced. In order to support the exchange rate of the national currency, the currency board regime was used. The Estonian kroon is pegged to the German mark at a ratio of 8 kroner to 1 mark. But after Germany joined the European Union, Estonia pegged its currency to the euro.
I would like to note that the crown is still considered one of the most beautiful currencies in the world. They depicted important public figures of the state, views and attractions of Estonia.
Now national Estonia's currency is the euro. In 2011, the final transition and abandonment of brands took place. The republic's economy has taken a vector towards European standards. This also applies to exchange rates in Estonia.
Today the euro in the country is no different from the European one. This applies to paper money. Coins may vary. The reverse depicts the outline of the borders of the modern republic.
I would like to mention the capital of Estonia. The currency in Tallinn is the euro. Currency exchange offices operate at the highest level. You can change any banknote into euros without any problems, but you must be prepared to be charged a commission. If a person still has Estonian kroons left, he can exchange them without any problems at the rate of 1€ = 15.6466 EEK.
You can also exchange money in all major cities. Currency exchange in Narva is no different from all others. Note that there is a large exchange center in this city. Exchange rates in Narva are the same as throughout Estonia.
Exchange offices are open from Monday to Friday, usually from nine in the morning to six in the evening. Exchange rates in Estonia are usually stable, but can sometimes change. This depends on the stability of the euro to other currencies. For example, a US dollar in cash can be bought for 1.103 and sold for 1.049. The situation with the transfer of electronic money is a little different. You can sell a dollar for 1.097 and buy for 1.054. A Russian ruble in cash can be sold for 69.39 and purchased for 60.047. Electronic money can be used as follows: sale – 68.871, purchase – 61.065. The rate in Estonia is slightly different from the rate of the European Central Bank. Some currencies can only be exchanged by electronic money transfer. For example, the Japanese yen can be sold for 125.291 and bought for 119.487. Also, only by electronic transfer in many banks in Estonia, you can exchange the following currencies: Chinese yuan, Austrian dollar, Turkish lira, Romanian leu and others.
In the end, I would like to conclude that in a short time a stable financial system has developed in the republic, which is strengthening every year, but still, it directly depends on the European National Bank, which does not provide complete independence.
Estonia has good service, but you will have to pay a percentage for it. In almost many central parts of every city you can find a currency exchange office, which is very convenient. It will be more profitable if you change cash. There are a lot of banks in Estonia, so you can find a bank to your liking and exchange your funds. The main thing is not to rush, because you can always find an exchange office with a lower commission.
Posted inEstonia is a member state of the European Union. The monetary unit is the euro, equal to 100 euro cents. Unlike Latvia and Lithuania, Estonia was able to fulfill all the Maastricht criteria necessary to switch to the euro by 2011, and on May 12, 2010, the European Commission made an official proposal for this country to join the eurozone on January 1, 2011, which Estonia did .
Until January 1, 2011, the national currency of Estonia was the Estonian kroon, which was divided into 100 cents. The banknotes were issued by the Bank of Estonia. The country's cash circulation included banknotes in denominations of 2, 5, 10, 25, 100 and 500 crowns.
Until 1991, Estonia was one of 15 republics that were part of the USSR.
On the front side of a 2-krona banknote (modified in 2006), measuring 140 x 69 mm, there is an image of a portrait of the embryologist Karl Maksimovich Baer, and on the reverse side there is a view of the building of the University of Tartu. The banknote has the following security features: a watermark in the form of a portrait of Karl Baer and the number “2”; protective stripe with repeating microtext “2 EEK Eesti Pank” running to the right of the center. The predominant colors are gray and purple.
The front side of 5 crowns contains the image of a chess player, Honored Master of Sports of the USSR, grandmaster Paul Petrovich Keres, on the back there is an image of the Narva Order Castle, the Narva River and the Ivangorod fortress.
The front side of the 10-kroner banknote (modified in 2006), measuring 140 by 69 mm, depicts a portrait of Jakob Hurt; the reverse is decorated with an image of the old Tamme-Lauri oak tree in Urvaste. The dominant colors are purple, red and lilac.
The obverse of the 25 kroon banknote features a portrait of the writer Anton Hansen Tammsaare, and the reverse depicts a view of Vargamäe.
The obverse side of the 100 kroons contains a portrait of the poetess Lidia Koidula, and on the reverse there is an image of the North Estonian limestone cliff. On the front side of the 500-kroner banknote there is a portrait of the politician, publicist and writer Carl Robert Jacobson, and on the back there is an image of a swallow.
Old currency of Estonia
Alternative descriptions. (Latin corona “crown, crown”) monetary unit of the Czech Republic, Slovakia, Sweden, Denmark, Norway, Iceland and Estonia
Battery
Currency of Denmark, Spain, Norway, Czech Republic, Sweden, Estonia
What currency grows on trees
It’s on the tree and in the wallet of a Czech or Swede
Branched part of a tree with foliage
The collection of all branches of a tree
French antique coin
Danish currency
Tree crown
. "wooden" currency
. tree cap
This name for many medieval coins and modern currency comes from the royal crown depicted on the coin.
The novel by the Russian writer V. M. Kozhevnikov “Roots and...”
. "currency" part of the tree
Carlson's currency
Tree hair
. "battery" part of the tree
Currency of Norway
Monetary unit of Slovakia
Currency of the Czech Republic
Currency of Sweden
Currency of Estonia
Currency of Denmark
Estonian currency
Money from a tree
Crown of the tree
Crown of poplar
Currency of the Danes
Banknote in Prague
Swedish currency
Czech currency
Swedish currency
Branching part of a tree
Currency in the city of Carlson
Crown of oak
Battery type
Tree hairstyle
Money from a tree
Currency of Sweden
Both the battery and the currency
Currency in Prague shops
Currency at the cash desks of Czech stores
Currency of the Czech Republic
Czech Republic banknote
Money top of the Czech Republic
The Czechs' favorite part of the tree
Coin, foliage and battery
A nine-volt battery with a "leafy" name
Currency at the cash desks of Prague shops
Battery for transistor
Currency of Iceland
Swedish "greens"
Banknote in a Czech's pocket
Money in a Czech's pocket
Battery or foliage
. “tree foliage” from a Czech wallet
Money in the Czech hostess's wallet
Battery or currency
Beetroot has tops, but what does a tree have?
Czechs' native currency
Currency in a Swede's pocket
The currency that walks the streets of Prague
Battery type
All tree foliage
Name of the nine-volt battery
Currency in Czech stores
Small battery
Currency in Iceland
Nostalgic currency of Estonia
. "forked" currency
Monetary unit of the Czech Republic, Slovakia, Estonia, Sweden, Norway (replaced by the euro in 2002)
Branched part of a tree with foliage
Gold coin of France, England
Deciduous part of the tree
Battery
. "Battery" part of the tree
. "Currency" part of the tree
. "Wooden" currency
. "Tree foliage" from a Czech wallet
. "Forked" currency
. "Cap" of the tree
A nine-volt battery with a "leafy" name
Currency or battery
J. German. crown; in the early applications: club, com, tree top, with foliage; the upper plane of the parapet, the upper edge of the diamond, etc. military music: attached parts of pipes and horns. Kronverk m. military a large external extension to the fortress, consisting of two bastions (heads) and two wings. Crown glass m. and flint glass, two types of glass, used. for composing achromatic telescope glasses so that objects do not appear in rainbow colors. Kronpik m. paint, chrome potassium. Calipers m. compasses (spreader) of the smallest sizes, for the smallest circles and arcs in drawings; bow-legged compass, for measuring the thickness of round and oblong bodies, balls and cylinders. Bracket m. German. our largest sandpiper, Numenius arcuata, shepherd, horse herder (translated from Tatar ilk "chi), large steppe sandpiper, steppe sandpiper, steppe; there are two or three types of them in size. Bracket, kr(tr)agshtein, console, jib, shelf
The novel by the Russian writer V. M. Kozhevnikov “Roots and...”
Beetroot has tops and what does a tree have?
Swedish "greens"
Branched part of a tree
Branched part of a tree
. "Forked" currency
Prague currency at the box office
The currency that “walks” through the streets of Prague
Currency in Estonia: euro (€). You can only pay in euros in the country.
How much money to take with you to Estonia
Estonia is a relatively inexpensive country. Prices here are significantly lower than in other European countries. It is recommended to take with you an amount of 50 € per person per day, but if you avoid tourist restaurants and taxis, it can be significantly less.
Approximate prices in Estonia
- Milk - 0.60 € 1 l
- Chocolates - 1 € 150 gr
- Cup of coffee: 1-5 €
- A glass of beer at a bar: 3-10 €
- Lunch at American fast food: 15 € for two
- Lunch in a cafe: 20-50 € for two
- Dinner at a restaurant: 50-70 € for two
Bank cards in Estonia
Cards in Estonia are accepted in most restaurants and shops, including souvenir shops. ATMs are available almost everywhere, even in the smallest towns. Card fraud is not common in Estonia.
Currency exchange in Estonia
It is most profitable to change money in banks. There are exchange offices (Eurex, Monex, Tavid) at airports, train stations, hotels, and shopping centers. Some exchange offices charge a commission for the exchange.
Banks in Estonia
Banking hours in Estonia: Mon-Fri 09:00-18:00. Exchange offices usually work longer. Some banks are open on Saturday, Sunday is a day off. Large banks in Estonia: Swedbank, SEB, Sampo, Nordea, Easti Krediidipank.
Tipping in Estonia
Tipping in Estonia is not mandatory, but you can thank the waiter with 5-10% of the check.
The money you need to take with you to Estonia is quite simple. Since throughout the country it has been running for three and a half years now Euro, then this is the pan-European currency that you should take with you on your trip.
You can, of course, do it differently - take currency units of your home country on your trip and exchange them for local currency as needed. Tourists who don’t particularly like to deal with cash can get by with a Visa, Mastercard or Eurocard credit card while on holiday in Estonia. You can easily pay with a plastic card in hotels, shops and restaurants in major Estonian resorts. In addition, most Estonian banks issue cash via credit cards without any questions asked.
Travelers planning a vacation in less popular parts of the country are better off carrying cash. Despite the fact that modern Estonians are great admirers of innovative technologies - electronic banking, mobile parking, in the picturesque outback it is still easier to pay for services and buy groceries with cash.
Tourists can exchange currency at banks, exchange offices at hotels or at ATMs, which are available in sufficient quantities in every major city in Estonia. Regarding banks , then they are open from Monday to Friday from 9:00 to 18:00. Some commercial banks in the country offer their services on Saturday, but only until lunch. On Sunday tourists can buy currency at exchange offices . But you should be careful with them. The exchange rate at popular resorts can vary greatly. It can be especially frightening at exchange points at train stations and bus stations. I was convinced of this from personal experience. The service fee at exchange offices is 1–1.5 euros. Cash-to-cash exchange without commission is offered Eurex exchangers. Travelers can find them only in Tallinn, Pärnu and Narva. Eurex currency exchange offices are located in shopping centers of the listed cities. However, before a tempting exchange without commission, you should pay attention to the exchange rate.
There is only one conclusion from all this: it is best to exchange currency before the weekend and preferably at the branches of the Central Bank of the Republic of Estonia, where the rate is often the best. As a last resort, tourists can exchange money at the reception desk of large hotels.
In the end, for me, the most suitable option with currency is as follows: it is better to exchange the minimum amount of euros that you may need at first at home, and exchange the rest of the currency (real money or from a plastic card) directly in Estonia as needed. And in general, if you look at it, you don’t really need a big wallet on vacation in Estonia. Compared to many European countries, Estonia offers a decent vacation at significantly lower costs, and sometimes even more comfortable and interesting.