1 kroon coin (1934) 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, as part of the archives was destroyed in the war, but some data indicate that about 3,406,066 pieces were struck. Between 1935 and 1936, 1,586,000 1 kroon coins were minted. Designed by graphic artist Günther Reindorff, it depicts the image of a 13th-century Viking cargo ship. With the Estonian monetary reform in January 1928 the law was changed as the Riigikogu had an amendment
European Monetary System were used to keep the currencies within a narrow range. In the early 1990s the European Monetary System was strained by the differing economic policies and conditions of its members, especially the newly reunified Germany, and Britain (which had initially declined to join and only did so in 1990) permanently withdrew from the system in September 1992. Speculative attacks on the French Franc during the following year led to the so-called Brussels Compromise in August 1993 which established a new fluctuation band of +15%. European currency exchange rate stability has been one of the most important objectives of European policy