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10 Krooni

Issuer Eesti Pank (Bank of Estonia)
Year 1991-1992
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Shape Rectangular
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Reverse description The central vignette presents a finely engraved landscape view of the ancient Tamme-Lauri Oak of Urvaste, rendered in violet-purple intaglio against a light guilloche underprint, with the massive tree occupying the right half of the composition and an open meadow stretching to the left. The denomination numeral 10 in ornate letterpress and the word KROONI in bold serif capitals run along the lower centre, flanked by the word KÜMME beneath, while EESTI PANK is inscribed in the upper left. A multicolour rosette security device appears at the lower left.
Reverse lettering EESTI PANK
10 KROONI
KÜMME
(Translation: Bank of Estonia / 10 krooni / Ten)
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Estonia's return to the krooni in 1992 was among the most decisive currency reforms of the post-Soviet transition — the Bank of Estonia pegged the new krooni to the Deutsche Mark at 8:1 and backed it with gold reserves that had been frozen in Western banks since the Soviet occupation in 1940. That fifty-two-year-old gold held the line. Thomas De La Rue produced the notes before the reform was formally announced, meaning printed stock was sitting in London while Estonia was still technically operating in roubles.

The watermark is the sole security feature — modest by De La Rue's own standards, reflecting both cost constraints and the speed at which the issue had to be brought to market.

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