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Estonians hold on to 55 mln euros worth of former currency

12-20-2011 11:18 BJT

TALLINN, December 19, 2011 (Xinhua) -- Estonian people still hold some 55 million euros worth of the country's former currency, Estonian kroon, in their hands by mid-December, two weeks before the end of its circulation, local media reported on Monday.

The Bank of Estonia said of the 55 million euro worth of Estonian kroons, banknotes make up around 48.9 million euros while coins account for an estimated 6.3 million euros, according to a report in Monday's daily Ohtuleht (Evening News).

"We assume that a large portion of the kroons still in circulation will never make its way back to the central bank," Bank of Estonia spokesman Viljar Raask was quoted by the daily as saying.

He said a substantial share of the old currency would simply be kept as memorabilia.

Estonia became the 17th country to join the Eurozone in January 2011.

From 2012, the Estonian kroon will be removed from circulation. Estonians can exchange the kroons to euros only at the Central Bank Museum, which is located in downtown in the capital city of Tallinn.

Editor:Zhang Pengfei |Source: Xinhua

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