Successful end of the dual circulation period

The dual circulation period ended on Friday 14 January and the euro is now the only official currency in Estonia.

 

Thanks to careful preparations, in close contact with the European Commission and the European Central Bank, the changeover has been very smooth and successful. No major problems were encountered and banks, post offices and retailers coped well with the extra workload although some queues unavoidably built up in the first weekdays of the changeover with the number of over-the-counter transactions in banks being 3-5 times higher than usual.

 

On Saturday 15 January, some 13 % of Estonians still had some kroon banknotes in their wallets. These can be exchanged for euros at the official exchange rate and without a service fee in all bank branches that offer currency exchange services until the end of June, and then in a limited network of bank offices for at least another six months. Thereafter, kroons can be exchanged for euros without a service fee in the Estonian Central Bank for an unlimited period of time.

 

Estonia Euro Changeover Statistics

 

15 Days After Changeover

http://ec.europa.eu/economy_finance/focuson/pdf/fl308-ee-dual-circu...

 

13 Days After Changover

http://ec.europa.eu/economy_finance/focuson/pdf/fl308-ee-dual-circu...

 

10 Days After Changeover

http://ec.europa.eu/economy_finance/focuson/pdf/fl308-ee-dual-circu...

 

7 Days After Changeover

http://ec.europa.eu/economy_finance/focuson/pdf/fl308-ee-dual-circu...

 

5 Days After Changeover

http://ec.europa.eu/economy_finance/focuson/pdf/fl308-ee-dual-circu...

 

3 Days After Changeover

http://ec.europa.eu/economy_finance/focuson/pdf/fl308-ee-dual-circu...

 

2 Days After Changeover

http://ec.europa.eu/economy_finance/focuson/pdf/fl308-ee-dual-circu...

 

2 Days Before Changeover

http://ec.europa.eu/economy_finance/focuson/pdf/fl308-ee-dual-circu...

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