| €-day |
|
CHANGEOVER TO THE EURO IN ESTONIA |
| The kroon and euro cash will be in dual circulation for two weeks after
the €-day. |
| Retailers will display prices in both kroons and euro for six months
before and after the €-day. |
| Banks will exchange kroons into euro without a service fee for a year
after the €-day. After that, Eesti Pank will continue to exchange kroons to euro without a service fee for an
unlimited period of time. |
2009
2008
2007 |
1 January
1 January
1 January |
Euro member Slovakia
Euro member Malta and Cyprus
Euro member Slovenia |
| 2005 |
29 April |
Cyprus, Latvia and Malta join the exchange rate mechanism ERM II, which
is often described as the "antechamber" to the euro area. Adoption of the single currency in these countries cannot
take place earlier than in two years. |
| 2004 |
15 December |
Lembit Lõhmus' design, which received 27.5% of the votes, wins the Estonian
national euro coin design competition. |
| 20 October |
The European Central Bank and the European Commission publish convergence reports on the
non-euro area Member States of the European Union. The reports assess the readiness of the countries for euro
membership.
See the ECB's report about Estonia |
| 28 June |
Estonia, Lithuania and Slovenia join the exchange rate mechanism ERM II. |
| 18 June |
Eesti Pank announces the design competition for the national side of the Estonian euro
coins. |
| 1 May |
Estonia joins the European Union. Eesti Pank becomes a fully fledged member of the
European System of Central Banks (ESCB). |
| 2003 |
14 September |
In a national referendum on joining the European Union, the people of
Estonia vote in favour of accession. |
| 16 April |
Governor of Eesti Pank is granted the right to attend as observer at the
meetings of the General Council of the ECB. The meetings take place on a quarterly basis. Other employees of Eesti Pank
participate as observers in the work of the twelve committees and their working groups that prepare the meetings of the
Governing Council and the General Council. |
| 2002 |
1 January |
Twelve European Union Member States put euro banknotes and coins into circulation. |
| 1999 |
1 January |
The euro is introduced as account money in eleven European Union Member
States. |
