OREANDA-NEWS. November 26, 2007. Eesti Pank refutes all rumours regarding the alleged devaluation of the Estonian kroon. The peg of the Estonian kroon to the euro is 15,6466 as before and the peg will persist until the adoption of the euro, reported the press-centre of Eesti Pank.

Eesti Pank invites people to not believe false messages and let these affect you. Since the peg of the kroon to the euro will not change, there is no point in exchanging the kroon for other currencies.

All the kroons in circulation are backed by foreign currency reserves and Eesti Pank confirms that all kroons can be exchanged for euros if necessary.