10 kroon silver collector coin to commemorate the reintroduction of the Estonian kroon on 20 June 1992. The kroon (sign: KR; code: EEK) is the currency of Estonia. It is subdivided into 100 senti (singular sent). The word kroon, meaning "crown", is related to that of other Nordic currencies (such as the Swedish krona and Norwegian krone) and to the Latin word corona ("crown"). The kroon was reintroduced as Estonia's currency on 20 June 1992, replacing the Soviet ruble at a rate of 1 kroon = 10 rubles.

Initially, the Estonian kroon was pegged to the Deutsche Mark at a rate of 8 krooni = 1 Deutsche Mark. On 20 May 1992 the Supreme Council adopted the three most important laws prepared by Eesti Pank: the Currency Act, the Act on Backing the Estonian kroon and the Foreign Currency Act. On 17 June 1992 the Monetary Reform Committee issued a decree to execute the monetary reform on 20 June 1992.

Several other decrees followed to regulate the operation of the banking sector, the more important of which were decrees on exchanging deposits, on the types of deposits in the Savings Bank and on the securities of the Soviet Union. In addition to those, on June 18, 1992, ten regulations and decisions concerning monetary reform were adopted by the Board of Eesti Pank. The Estonian kroon was declared the sole legal tender in circulation and Eesti Pank the only regulator of monetary relations in Estonia. Within three days, 1500 rubles were exchanged to krooni for each resident natural person at the rate of 1 kroon = 10 rubles.

Almost the entire amount of rubles in circulation in Estonia was exchanged to krooni at the same rate (deposits, money held by enterprises, etc.). The rate was considered under-priced by many opponents, but it actually corresponded to the market rate of that time. Time and the later course of events have indisputably proven the correctness of the choice made. All the laws and other legal acts planned for the beginning of the monetary reform came into effect. Eesti Pank began to publish daily exchange rates of the Estonian kroon against the most important foreign currencies.