Estonian mark

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The mark (plural marka) was the currency of Estonia between 1919 and 1928. It was equivalent to the German Papiermark, which had been circulating alongside the Russian/Soviet ruble since the German occupation. It was divided into 100 penni. It was replaced in 1928 by the Estonian kroon at a rate of 1 kroon = 100 marka.

[edit] Coins

Coins were issued in denominations of 1, 3, 5 and 10 marka between 1922 and 1926. According to the "Standard Catalog of World Coins", the 1922 issues were made in cupro-nickel whilst the later issues were made in nickel-bronze.

[edit] Banknotes

In 1919, treasury notes ("kassatäht") were issued in denominations of 5, 10, 20 and 50 penni, 1, 3, 5, 10, 25 and 100 marka along with 50 marka bank notes ("pangatäht"). Later treasury notes were in demnominations up to 1000 marka, with banknotes up to 5000 marka issued. Exchange notes ("vahetustäht") were also issued, in 1922, in denominations of 10 and 25 marka.