Eesti Pank, the Bank of Estonia, is the central bank of Estonia and part of the Eurosystem since the country adopted the euro in 2011. It was founded shortly after the country declared its independence in 1918, and it issued the Estonian mark and then, from 1928, the kroon. Its operations ended with the Soviet occupation in 1940. The bank was re-established as Estonia moved toward independence in 1989 and 1990, and in June 1992 the kroon was reintroduced, pegged to the German mark. This currency board arrangement gave Estonia a stable currency in the years of transition and helped it become one of the first former Soviet republics to join the European Union and the euro area.
Before and after
- 1919Founding of Save the Children
- 1919Establishment of Grand Canyon National Park
- from 1 January 1919 to 25 August 1991Byelorussian Soviet Socialist Republic
- 1919Founding of Einstein Tower
- 1919Founding of Bank of Estonia
- from 1919 to 1946Founding of League of Nations
- 1919Construction of Tesco
- 1919Founding of International Labour Organization
- 1919Founding of International Astronomical Union
More in Society, economy & sport
- 16 October 1923Founding of The Walt Disney Company
- 1924Origins of Allsvenskan
- from 3 August 1936 to 9 August 1936Jesse Owens wins four gold medals in Berlin
- 1940Katyn massacre
- 15 May 1940Founding of McDonald's
- 1941Rise of Vietnamese Independence League
The era
This moment belongs to the Modern era (1914 CE to 1945 CE), world wars and a changing world. You can also browse everything in the 20th century.