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Estonia Is Getting Ready For Euro

The European Commission has issued a final document according to which Estonia will switch to Euro from 1st January 2011, becoming the 17th country of the eurozone. The exchange rate is 15,6466 Estonian Kroon for 1 Euro. This rate hasn’t changed since 1992.

Since July 1st 2010 all trade and catering enterprises are obliged to duplicate their price in Euros in order to help the citizens and tourists to adapt to the change.

From 1st to 14th January 2011 cash payment will be made in both currencies on the territory of Estonia, but the change will be given in Euros only. ATMs will start issuing Euro at midnight on January 1, 2011.


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