15 years passed on 20 June 2007 from the currency reform in Estonia. Estonia was the first from the former Soviet Union republics to exit the rouble zone. In principle, the 1992 currency reform was an evolutionary process where 20th June signified only one, largely technical stage in the whole...

CEE countries have passed the process of transition to market economy and eight of them, including Estonia, joined the European Union in 2004. Estonia has been very successful in the transition process, mainly owing to the currency board-based monetary system, which serves as a signal of...