Bank of Estonia
| Bank of Estonia Bank of Estonia | |
| Gallery building Gallery building | |
| Headquarters | Tallinn |
|---|---|
| Established | 24 February, 1919 |
| Chairman | Andres Lipstok |
| Central bank of | Estonia |
| Currency | kroon EEK (ISO 4217) |
| Reserves | 3,697 Million EEK (~236 Million €) [1] |
| Website | eestipank.info |
The Bank of Estonia (Estonian: Eesti Pank), is the central bank of Estonia, which is a member of the European Union organisation and the European System of Central Banks. The bank issues the Estonian currency, the kroon. The bank's current chairman (as of the 7th of June 2005) is Andres Lipstok.
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Bank of Estonia: Gallery building
TALIBOR
TALIBOR stands for the Tallinn Interbank Offered Rate and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Estonia wholesale money market (or interbank market). TALIBOR is published daily by the Bank of Estonia together with TALIBID (Tallinn Interbank Bid Rate).
TALIBOR is calculated based on the quotes for different maturities provided by reference banks at about 11.00 a.m. each business day by disregarding highest and lowest quotation and calculating arithmetic mean of the quotations.
See also
External links
- Template:Et icon Transclusion error: {{En}} is only for use in File namespace. Use {{langx|en}} or {{in lang|en}} instead. Bank of Estonia official site
New rules for fixing TALIBOR and TALIBID introduced by Eesti Pank
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