Estonian mark

The Estonian Mark (Estonian Eesti mark) was legal tender in the Republic of Estonia on 30 November 1918 to January 1, 1928.

History

The Estonian Mark was initially tied to the German mark, which was in Estonia in circulation since the German occupation of Estonia in the context of the First World War were the Russian ruble and the Finnish mark. On May 20, 1919, the Estonian Mark the sole legal tender in the Republic of Estonia. A Mark corresponded to 100 penni.

Currency reform

With the currency reform on January 1, 1928 were 100 marks = 1 kroon. The new currency was tied to the Swedish krona and corresponded to 0.4032 grams of gold.

Bills

The Bank of Estonia ( Eesti Pank ) gave banknotes from 50, 100, 500, 1000 and 5000 marks.