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
Country Development Unit Country Development Unit The Country Development Unit (CDU) is a non-political and non-governmental organization in Afghanistan, established in early 1992 to participate in the rehabilitation and development of the war-torn country. It has registered with the MoP and is a member of ANCB. Projects have been implemented with the collaboration of donors such as UNHCR, UNICEF, UNOPS, ADB, CIDA, CARE, Hummer Forum, IRC, JEN LBG/USAID and ICR. The projects implemented comprised road rehabilitation, irrigation net works, clinic construction, return and IDP rapid assessment surveys, shelter, shallow well development, IGP (quilt making, stove production, carpentry training and production), school construction, and