What is Eesti Pank?
[[Image:Seal of the Bank of Estonia (2).svg|thumb|250px|Seal]] '''Eesti Pank''' (Estonian Bank) is the [[central bank]] of the [[Republic of Estonia]]. It was started in 1919. Before that there was a branch of the [[State Bank of the Russian Empire]] started in Tallinn in 1875. Eesti Pank took over its building. The bank organised printing the notes and coins of the [[Estonian mark]]. In 1928 the Estonian kroon took the place of the mark. The bank managed the new [[currency]]. It was on the [[gold standard]]. The bank had branches in other Estonian cities. In 1940, Eesti Pank was [[Nationalization|nationalized]] and reorganized into the Estonian republican office of the [[State Bank of the Soviet Union]] Estonian kroons were changed for [[Ruble|rubles]]. In 1989 the Eesti Pank was started again as an independent issuing bank. It also gave [[operating licenses]] to the 42 commercial banks in Estonia.<ref>{{Cite web|date=2019-05-07|title=Eesti Pank 100|url=https://www.eestipank.ee/et/eesti-pank-100|access-date=2023-08-26|website=Eesti Pank|language=et}}</ref> At the beginning of 2011, Estonia was the seventeenth country to adopt the [[euro]]. The Eesti Pank became one of the central banks of the [[Eurozone]]. The purpose of Eesti Pank is to help maintain price stability in the euro area. The uniform [[monetary policy]] of the euro area helps to keep prices stable. ==References== {{reflist}} [[Category:Banks of Estonia]] [[Category:1919 establishments in Europe]] [[Category:20th-century establishments in Estonia]] [[Category:Organizations based in Tallinn]]