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 Institute creation of the ECB and the European System of Central Banks (ESCB) which took over its expanded responsibilities as the euro was launched. The EMI was the key monetary institution of the second phase of the Economic and Monetary Union of the European Union. The EMU encouraged cooperation between the national banks of the member states of the European Union (EU) and laid the foundation for the euro. It had less than 250 staff, mostly seconded from national central banks, and was based in the Eurotower, Frankfurt (Germany), where the ECB is now based. European Monetary Institute The European Monetary