On 1 January 2011, Estonia will be the 17th country to join euroland. This means that the country will stop using the Estonian kroons.
No actions to be taken by companies with EEK accounts
The introduction of euro means that EEK accounts will be converted into euro accounts at the rate of EUR 1 = EEK 15.6466. This will be done automatically and companies with EEK accounts do not have to do anything.
Another effect of the change will be that after the 1 January 2011, transfers to and from Estonia will have to be made in other currencies than Estonian kroons.
Published on 9 December, 2010