The
kroon (
sign:
kr;
code:
EEK) was the official
currency of
Estonia for two periods in history: 1928–1940 and 1992–2011. Between 1 January and 14 January 2011, the kroon circulated together with the
euro, after which the euro became the sole legal tender in Estonia. The kroon was subdivided into 100 cents (
senti; singular
sent). The word
kroon (, “crown”) is related to that of the other
Nordic currencies (such as the
Swedish krona and the
Danish and
Norwegian krone) and derived from the
Latin word
corona ("crown"). The kroon succeeded the
mark in 1928 and was in use 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.