1 kroon coin (1934) of only 16 mm and on the front the inscription "Eesti" instead of "Eesti Vabariik". These coins are both made of gold as well as silver. Another re-issued version of the coin is about its original size, but the quality of the parts is much worse. In 2012, the 1934 one-kroon coin was voted "the prettiest coin ever to be in circulation in Estonia". 1 kroon coin (1934) The 1 kroon coin was put in circulation from 1 August 1934 to 25 March 1941, during the first independence period of Estonia. The exact number of coins minted is not known,
Economic and Monetary Union of the European Union in June 1988, when an ad hoc committee (Delors Committee) of the central bank governors of the twelve member states, chaired by the President of the European Commission, Jacques Delors, was asked to propose a new timetable with clear, practical and realistic steps for creating an economic and monetary union. This way of working was derived from the Spaak method. The Delors report of 1989 set out a plan to introduce the EMU in three stages and it included the creation of institutions like the European System of Central Banks (ESCB), which would become responsible for formulating and implementing monetary