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
Ron Kroon Ron Kroon Ronald "Ron" Kroon (17 September 1942, Amsterdam – 12 July 2001, Huizen) was a Dutch freestyle swimmer who won two bronze medals at the 1962 European Aquatics Championships. He also competed at the 1960 and 1964 Summer Olympics with the best achievement of 8th place in the 4×100 meters medley relay. Between 1960 and 1964 he was four times national champion and set 12 national records in the 100 m freestyle event. He was the first Dutch athlete to swim 100 meters within 55 seconds. After his swimming career, Kroon became a photographer with photograph press agency Anefo