Estonian mark
The Estonian mark ( Estonian Eesti mark ) was legal tender in the Republic of Estonia from November 30, 1918 to January 1, 1928.
history
The Estonian mark was initially tied to the German mark , which had been in circulation in Estonia alongside the Russian ruble and the Finnish mark since the German occupation of Estonia in connection with the First World War . On May 2, 1919, the Estonian mark became the only legal tender in the Republic of Estonia. One mark was equivalent to 100 penni .
Currency reform
With the currency reform on January 1, 1928, 100 marks = 1 Estonian kroon . The new currency was pegged to the Swedish krona and was equivalent to 0.4032 grams of gold .
Banknotes
The Estonian Central Bank ( Eesti Pank ) issued banknotes of 50, 100, 500, 1000 and 5000 marks.
| Face value | Year of issue | colour | motive |
| 50 Estonian marks | 1919 | green | Globe |
| 100 Estonian marks | 1921 | brown | two blacksmiths |
| 100 Estonian marks | 1922 | purple, brown | galleon |
| 500 Estonian marks | 1921 | light green, gray | Ornaments |
| 1000 Estonian marks | 1922 | pink, purple | Tallinn harbor |
| 5000 Estonian marks | 1923 | blue, brown, green | Bank building |