Glossary: kroon (EKR)
DEFINITION:
Estonia’s prewar currency (1928-40), reintroduced in June 1992 after Estonia became the first former Soviet republic to leave the Russian ruble zone. The kroon was officially pegged to the deutsche mark (DM) within 3 percent of EKR8 = DM1. In March 1996, the exchange rate was EKR11.83 = US$1.