The Estonian mark ( et, Eesti mark) was the

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 ...

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, an ...

between 1918 and 1927. It was initially equivalent to the

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 ( ...

, which had been circulating alongside the Imperial rouble since the

German occupation German-occupied Europe refers to the sovereign countries of Europe which were wholly or partly occupied and civil-occupied (including puppet governments) by the military forces and the government of Nazi Germany at various times between 1939 ...

. It was divided into 100 ''penns'' (in Nominative case: ''penn''). It was replaced in 1928 by the

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 ...

at a rate of 1 kroon = 100 marka. Until 1919 there were also Russian rubles,

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 ( ...

s and

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 pe ...

s 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 min ...

whilst the later issues were in nickel-bronze.

Banknotes

In 1919, treasury notes ("kassatäht") were issued in denominations of 5, 10, 20, and 50 pennies, 1, 3, 5, 10, 25, 50, and 100 marks ("pangatäht"). Later, treasury notes were issued in denominations up to 1,000 marks, along with banknotes up to 5,000 marks. Exchange notes ("vahetustäht") were also issued, in 1922, in denominations of 10 and 25 marks.

References

* * Currencies of Estonia Economic history of Estonia Modern obsolete currencies 1918 establishments in Estonia 1928 disestablishments {{money-unit-stub

Coins

Banknotes

See also

References