The Estonian kroon was introduced as the currency of independent Estonia, replacing the Estonian mark that had been used since 1918. It was divided into 100 senti and tied to gold at first. After the Soviet annexation of Estonia in 1940 it was withdrawn and replaced by the Soviet ruble. When Estonia regained independence, the kroon was reintroduced in 1992 and fixed to the German mark, a policy that helped the country control inflation and build a reputation for monetary stability. Estonia replaced the kroon with the euro in 2011.
Before and after
- 16 October 1927Birth of Günter Grass
- 15 November 1927Discovery of 29P/Schwassmann–Wachmann
- 5 December 1927Birth of Bhumibol Adulyadej
- 1928Establishment of Thingvellir National Park
- 1928Introduction of Estonian kroon
- 1928Construction of Maginot Line
- 1928Construction of Madrid-Barajas Airport
- 1928Construction of Ellis Park Stadium
- 1928Publication of The Master and Margarita
More in Society, economy & sport
- from January 1918 to December 19201918–1920 flu pandemic
- 1919Founding of International Labour Organization
- 1919Founding of International Astronomical Union
- 7 September 1923Founding of Interpol
- 22 March 1928Founding of Muslim Brotherhood
- 5 September 1944Founding of Benelux
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.