Estonian kroon until the Soviet invasion in 1940 and Estonia's subsequent incorporation into the Soviet Union when it was replaced by the Soviet ruble. After Estonia regained its independence, the kroon was reintroduced in 1992. The kroon became the currency of Estonia on 1 September 1928 after having been a unit of account since 1924. It replaced the mark at a rate of 100 mark = 1 kroon. The kroon was subdivided into 100 sent. In 1924, the kroon was pegged to the Swedish krona at par, with a gold standard of 2480 kroon = 1 kilogram of pure gold. The standard
European Parliament Committee on Economic and Monetary Affairs report appears immediately on both the Parliament and ECN websites. European Parliament Committee on Economic and Monetary Affairs The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament. Since Economic and Monetary Union (EMU), the most important function of this committee has been in relation to the European Central Bank (ECB). Although guaranteed independence under the Treaty, the ECB is accountable for its actions to ECON. Every three months, the President of the ECB, or occasionally his deputy, appears before the Committee to report on monetary policy; both actions taken, and future prospects. He then