What national currency was introduced in 1928, replacing the Estonian mark and pegged to the Swedish krona?
Answer and explanation
Correct answer: D. The Estonian kroon (EEK)
- Step 1: Under monetary reform supported by the League of Nations, the Bank of Estonia replaced the mark on 1 January 1928. Step 2. The new currency was the Estonian kroon (EEK). Answer: The Estonian kroon (EEK). Why not the others: Baltic ruble was an emergency currency; Tallinn thaler is a medieval coin; Ostmark was German World War I currency.
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