Estonian kroon received real coverage with the reserves backing the kroon. The issue of treasury notes and exchange notes was terminated. In order to secure the credibility of the kroon, the Bank of Estonia exchanged kroon for foreign currency. All these measures restored confidence in the domestic banking and monetary sector, contributing to the economic reinvigoration of the country and to the improvement of the reputation of the Estonian state in the international arena. During the Great Depression in 1933, the kroon went off the gold standard, devalued 35% and obtained a currency peg with the Great Britain Pound (GBP) at 1
Robert Kroon known as Maluku or the Moluccas) Kroon began reporting as a foreign correspondent for "Time" magazine in 1953 following his expulsion from Indonesia. He was based in Geneva, Switzerland, during this time and also reported for Dutch news media outlets while at "Time". Kroon reported on several important conflicts for "Time" magazine. Kroon covered the 1956 Soviet invasion of Hungary and the 1968 Prague Spring uprising. He also reported from the Belgian Congo as the colony gained its independence from Belgium in the early 1960s. Additionally, Kroon went on to report for such major news centers as NBC and The