The currency of Estonia is the euro (€). ATMs dispense euros. The currency is easily exchangeable. Any person entering or leaving the EU must declare the cash that they are carrying if this amounts to €10,000 or more; this includes cheques, travellers’ cheques, money orders, etc.
Is the euro good for Estonia?
The adoption of the euro is likely to have a positive effect on the small, open and export- -oriented Estonian economy. Exports account for approximately 70% of Estonia’s GDP, more than two thirds of which goes to the EU market.
Can you use euros in Tallinn Estonia?
In 2011, Estonia entered the Eurozone and as such the currency in Estonia is the Euro. … Currently Euro coins and notes are accepted anywhere in the Euro zone, regardless of the country of issue. Euro banknotes. Notes which are commonly used are 5, 10, 20 and 50 Euro denominations.
Why did Estonia adopt the euro?
Guided by the opinions of the International Monetary Fund and the World Bank subsequent Estonian governments took special care to maintain the stability of public finances. This care for state finances enabled Tallinn to meet the Maastricht criteria and adopt the euro in January 2011.
Is Estonia in the European Union?
Estonian foreign policy since independence has been oriented toward the West, and in 2004 Estonia joined both the European Union and NATO. … On 1 January 2011, Estonia joined the eurozone and adopted the EU single currency as the first former Soviet Union state.
When did Estonia join Schengen?
|State||Area (km2)||Date signed|
|Estonia||45,338||16 April 2003|
|Finland||338,145||19 December 1996|
|France (excluding overseas departments and collectivities)||551,695||14 June 1985|
|Germany (previously excluding Büsingen am Hochrhein)||357,022||14 June 1985|
Do Estonians speak English?
This so-called “elven” language is spoken by around 1.1 million people globally. Estonia has one of the highest literacy rates in the world at 99.8% and nearly everyone speaks a foreign language, most commonly English and Russian, but also Finnish, German or Swedish.
Is Estonia expensive?
Estonia has become the most expensive country in the Eastern part of the European Union, Poland being cheapest. As confirmed by personal experience and fresh Eurostat data.
Is Tallinn worth visiting?
Estonians have a rich culture and you can find museums (different, ranging from medieval torture to popart and everything in between. I truly recommend to take a tour guide to walk around in the old town. It’s amazing, and all the stories! If you’re into night life then Tallinn is also a good place to visit.