| |
Estonia became the 17th country to join the Euro Zone
On the 1st January 2011, Estonia became the 17th country to join the Euro Zone.
The Bank of Estonia commissioned the Finnish Mint to produce the eight denominations of coins which will go into circulation and will transport enough banknotes to satisfy the needs of the nation’s 1.4 million citizens. The coins were designed by artist Lembit Löhmus and they depict the contour of Estonia’s map. Weighing in at more than 600 tonnes, it will take about 30 truckloads to move the new Euro coins and banknotes which will then be transported by ship between Finland and Estonia.
It is expected that the change-over will last about two weeks and thereafter, Estonians will be using only the Euro in their daily transactions. Taking into consideration that the first monetary reform went without a hitch, it is likely that this new chapter in Estonia’s monetary history will proceed just as smoothly as that of 1992.
|
|
|
