Catalog
5 Krooni
| Issuer | Eesti Pank (Bank of Estonia) |
|---|---|
| Year | 1994 |
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| Currency | New kroon (1992-2011) |
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| Obverse description | Centre intaglio portrait vignette of Estonian chess grandmaster Paul Keres (1916–1975) set against a rust-brown guilloche underprint with wavy-line patterning and a rosette to the left. Two chess piece figures flank the large numeral '5' at right, with the Eesti Pank circular seal in the upper right corner. Two manuscript facsimile signatures captioned PRESIDENT and NOUKOGU LIIGE appear below the portrait, with the inscription PAUL KERES 1916–1975 along the lower margin. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | EESTI PANK 5 KROONI 5 VIIS (Translation: Bank of Estonia 5 Krooni 5 Five) |
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| Comments |
Estonia's second post-Soviet currency series, launched after the successful 1992 monetary reform that replaced the Soviet ruble with the kroon at a fixed rate of 8 kroons to 1 Deutsche Mark, needed updated notes to replace the stopgap issues printed during the reintroduction of independence. De La Rue handled the 1994 series, as they had the transitional notes before it — a continuity of supplier that reflected both the tight timeline of re-establishing a central bank and Tallinn's preference for a printer with established credibility among Western financial institutions.
The watermark is the sole listed security feature, modest by later standards, though the kroon's currency board structure — pegged hard to the DEM and later the euro — kept counterfeiting incentives relatively low for a denomination of this size.