Banks, Estonia, Financial Services

International Internet Magazine. Baltic States news & analytics Saturday, 11.07.2020, 19:21

Over 500 tonnes of kroon sents will remain in circulation

Juhan Tere, BC, Tallinn, 22.03.2011.Print version
According to the Estonian Banking Association, over 500 tonnes of kroon coins are still in circulation and most of them will never be returned to banks, LETA/National Broadcasting reports.

“Many people will certainly want to keep the sents, many sents have been lost and many have travelled abroad in the pockets of foreigners,” Banking Association adviser Enn Riisalu told National Broadcasting’s news portal.


In October last year, the Association launched a campaign calling people to return kroon sents to banks. At the start of the campaign nearly a thousand tonnes of sents with total value of 165 million kroons were in circulation.


“We collected nearly 400 tonnes. Since the nominal value of Estonian coins was relatively low, we set an aim of getting around a half. We didn’t get a half but we almost fulfilled the aim,” he said.


Riisalu said that recently the amount of people exchanging kroon coins is small and the Banking Association does not intend to advertise the possibility separately as counting them is time-consuming after coin counting machines were adjusted to euros.

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