Estonian Mark
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Estonian Mark
The Estonian mark ( et, Eesti mark) was the currency of Estonia between 1918 and 1927. It was initially equivalent to the German ostmark, which had been circulating alongside the Imperial rouble since the German occupation. It was divided into 100 ''penns'' (in Nominative case: ''penn''). It was replaced in 1928 by the Estonian kroon at a rate of 1 kroon = 100 marka. Until 1919 there were also Russian rubles, German ostrubels and Finnish marks in circulation. Coins Coins were issued in denominations of 1, 3, 5, and 10 marka between 1922 and 1926. The 1922 issues were struck in cupro-nickel Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimu ... whilst the later issues were in nickel-bronze. Banknotes In 1919, treasury notes ("kassatäht") were issued in denominations of 5, 10, 20, ...
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Currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curren ...
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Estonia
Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, and to the east by Lake Peipus and Russia. The territory of Estonia consists of the mainland, the larger islands of Saaremaa and Hiiumaa, and over 2,200 other islands and islets on the eastern coast of the Baltic Sea, covering a total area of . The capital city Tallinn and Tartu are the two largest urban areas of the country. The Estonian language is the autochthonous and the official language of Estonia; it is the first language of the majority of its population, as well as the world's second most spoken Finnic language. The land of what is now modern Estonia has been inhabited by '' Homo sapiens'' since at least 9,000 BC. The medieval indigenous population of Estonia was one of the last " pagan" civilisations in Europe to adopt Ch ...
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German Ostmark
() is the name given to a currency denominated in which was issued by Germany in 1918 for use in a part of the eastern areas under German control at that time, the area. The currency consisted of paper money issued on 4 April 1918 by the in (Kaunas) and was equal to the German . The circulated alongside the Imperial rouble and the , with two equal to one . Denominations The denominations available were: * mark; * 1 mark; * 2 marks; * 5 marks; * 20 marks; * 50 marks; * 100 marks; * 1000 marks. The reverse sides of the carry a warning against forging banknotes in German, Latvian and Lithuanian. Aftermath The Ostmark and Ostrubel continued to circulate in Lithuania from the end of World War I until 1 October 1922, when they were replaced by the . The names and were used for and , for example, on postage stamps. The reason for the replacement was the link to the , which already suffered from inflation (and would spiral into hyperinflation in 1923). The was pegged to ...
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Rouble
The ruble (American English) or rouble (Commonwealth English) (; rus, рубль, p=rublʲ) is the currency unit of Belarus and Russia. Historically, it was the currency of the Russian Empire and of the Soviet Union. , currencies named ''ruble'' in circulation include the Belarusian ruble (BYN, Rbl) in Belarus and the Russian ruble (RUB, ₽) in Russia. Additionally, the Transnistrian ruble is used in Transnistria, an unrecognized breakaway province of Moldova. These currencies are subdivided into one hundred kopeks. No kopek is currently formally subdivided, although ''denga'' (½ kopek) and ''polushka'' (½ denga, thus ¼ kopek) were minted until the 19th century. Historically, the grivna, ruble and denga were used in Russia as measurements of weight. In 1704, as a result of monetary reforms by Peter the Great, the ruble became the first decimal currency. The silver ruble was used until 1897 and the gold ruble was used until 1917. The Soviet ruble officially replaced t ...
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German Occupation Of Estonia During World War I
Estonia was under military occupation by the German Empire during the later stages of the First World War. On 11–21 October 1917, the Imperial German Army occupied the West Estonian archipelago (Moonsund archipelago), including the larger islands of Saaremaa (''Ösel''), Hiiumaa (''Dagö''), and Muhu (''Moon''). Fighting in Estonia ceased whilst negotiations over the Treaty of Brest-Litovsk took place. These broke down in February 1918, and to put pressure on the new Bolshevik regime of Soviet Russia to sign the Treaty of Brest-Litovsk, the Germans landed on the mainland of Estonia on 18 February 1918 and marched on Haapsalu (''Hapsal'') on 21 February 1918. The German forces occupied Valga (''Walk'') on 22 February, and Pärnu (''Pernau''), Viljandi (''Fellin'') and Tartu (''Dorpat'') on 24 February. Tallinn (''Reval'') was occupied on 25 February 1918, and in the rest of the Estonian mainland the last town captured by German forces was Narva (''Narwa'') on 4 March 1918. Fo ...
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Estonian Kroon
The kroon (sign: KR; code: EEK) was the official currency of Estonia for two periods in history: 1928–1940 and 1992–2011. Between 1 January and 14 January 2011, the kroon circulated together with the euro, after which the euro became the sole legal tender in Estonia. The kroon was subdivided into 100 cents (''senti''; singular ''sent''). The word ''kroon'' (, “crown”) is related to that of the Nordic currencies (such as the Swedish krona and the Danish and Norwegian krone) and derived from the Latin word ''corona'' ("crown"). The kroon succeeded the mark in 1928 and was in use until the Soviet invasion in 1940 and Estonia's subsequent incorporation into the Soviet Union when it was replaced by the Soviet ruble. After Estonia regained its independence, the kroon was reintroduced in 1992 and replaced by the euro in 2011. First kroon, 1928–1940 History The kroon became the currency of Estonia on 1 September 1928 after having been a unit of account since 1924. It replace ...
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German Ostrubel
Ostrubel (German and Polish: ; Latvian and Lithuanian: ; russian: Острубль) is the name given to a currency denominated in copecks and rubels, which was issued by Germany in 1916 for use in the eastern areas under German occupation ( and the Government General of Warsaw The General Government of Warsaw (german: Generalgouvernement Warschau) was an administrative civil district created by the German Empire in World War I.Liulevicius, Vejas G. (2000). ''War Land on the Eastern Front: Culture, Identity, and German ...). It was initially equal to the Imperial rouble. The reason for the issue was a shortage of currency. The banknotes were produced by the in (now ) on 17 April 1916. From 4 April 1916, the circulated alongside the in the area, with = 1 . In the Government General of Warsaw the was replaced by the Polish on 14 April 1917. Denominations The denominations available were: * 20 copecks; * 50 copecks; * 1 rubel; * 3 rubels; * 10 rubels; * 25 rubels; ...
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Finnish Mark
The markka ( fi, markka; sv, mark; sign: Mk; ISO code: FIM, typically known outside Finland as the Finnish mark) was the currency of Finland from 1860 until 28 February 2002, when it ceased to be legal tender. The mark was divided into 100 pennies ( fi, penni; sv, penni), abbreviated as "p". At the point of conversion, the rate was fixed at €1 = Mk 5.94573. The mark was replaced by the euro (€), which had been introduced, in cash form, on 1 January 2002. This was after a transitional period of three years, when the euro was the official currency but only existed as "book money" outside of the monetary base. The dual circulation period, when both the Finnish mark and the euro had legal tender status, ended on 28 February 2002. Etymology The name "markka" was based on a medieval unit of weight. Both "markka" and "penni" are similar to words used in Germany for that country's former currency, based on the same etymological roots as the Deutsche Mark and pfennig. ...
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Cupro-nickel
Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimum of 52 percent nickel.) Despite its high copper content, cupronickel is silver in colour. Cupronickel is highly resistant to corrosion by salt water, and is therefore used for piping, heat exchangers and condensers in seawater systems, as well as for marine hardware. It is sometimes used for the propellers, propeller shafts, and hulls of high-quality boats. Other uses include military equipment and chemical, petrochemical, and electrical industries. Another common 20th-century use of cupronickel was silver-coloured coins. For this use, the typical alloy has 3:1 copper to nickel ratio, with very small amounts of manganese. In the past, true silver coins were debased with cupronickel, such as coins of the pound sterling from 1947 onwa ...
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Currencies Of Estonia
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curre ...
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Economic History Of Estonia
The economy of Estonia is an advanced economy and the country is a member of the European Union and of the eurozone. Estonia's economy is heavily influenced by developments in the Finnish and Swedish economies. Overview Before the Second World War, Estonia's economy was based on agriculture, but there was a significant knowledge sector, with the university city of Tartu known for scientific contributions, and a growing industrial sector, similar to that of neighbouring Finland. Products, such as butter, milk, and cheese were widely known in the west European markets. The main markets were Germany and the United Kingdom, and only 3% of all commerce was with the neighbouring USSR. Estonia and Finland had a relatively similar standard of living. The USSR's occupation and annexation of Estonia in 1940 and the ensuing Nazi German and Stalinist Soviet destruction during World War II crippled the Estonian economy. The subsequent Soviet occupation and post-war Sovietization of life cont ...
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Modern Obsolete Currencies
Modern may refer to: History * Modern history ** Early Modern period ** Late Modern period *** 18th century *** 19th century *** 20th century ** Contemporary history * Moderns, a faction of Freemasonry that existed in the 18th century Philosophy and sociology * Modernity, a loosely defined concept delineating a number of societal, economic and ideological features that contrast with "pre-modern" times or societies ** Late modernity Art * Modernism ** Modernist poetry * Modern art, a form of art * Modern dance, a dance form developed in the early 20th century * Modern architecture, a broad movement and period in architectural history * Modern music (other) Geography *Modra, a Slovak city, referred to in the German language as "Modern" Typography * Modern (typeface), a raster font packaged with Windows XP * Another name for the typeface classification known as Didone (typography) * Modern, a generic font family name for fixed-pitch serif and sans serif fonts (f ...
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