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
Terminology Coordination Unit of the European Parliament Terminology Coordination Unit of the European Parliament The Terminology Coordination Unit (TermCoord) is a supporting unit to the translation units of the Directorate-General for Translation (DG TRAD) of the European Parliament. TermCoord was created in 2008 to stimulate and coordinate the terminology work of the 24 translation units of the European Parliament in Luxembourg. It provides the terminologists and translators with tools, resources, support and training to facilitate their daily translation tasks. TermCoord also works to increase the European Parliament’s inter-institutional contribution to the EU terminology database IATE. Today’s European Union legislation is drafted in 24 official languages, with each