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25 Krooni

Issuer Eesti Pank
Year 1991-1992
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Value 25 Krooni (25 EEK)
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Obverse description Portrait of Estonian writer Anton Hansen-Tammsaare (1878–1940) in three-quarter view at centre-left, set against a fine guilloche underprint in olive-green tones. The serial number appears in two positions, vertically at right and horizontally at lower left, with two intaglio signatures of bank officials below the portrait. A rosette vignette occupies the left margin, while the Estonian coat of arms appears at upper right within a circular frame.
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Reverse lettering EESTI PANK 25 KROONI KAKSKUMMEND VIIS
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Estonia reintroduced the kroon in June 1992 after half a century of Soviet occupation, and this note was part of the initial wave issued by Eesti Pank to replace the ruble at a fixed rate of 10 rubles to 1 kroon. De La Rue had the plates ready before the switch was publicly announced — operational secrecy was essential, since any leak could have triggered a run on rubles or Soviet intervention.

The 1991-dated examples bear Siim Kallas and Rein Otsason's signatures; Märten Ross replaced Otsason as Deputy Governor for the 1992 printing. Both signature variants circulated simultaneously.