Communiqué of the European Central Bank and Eesti Pank

Following the determination of the euro conversion rate of the Estonian kroon by the Council on 13 July 2010 by way of an amendment to Regulation (EC) No 2866/98, which is to become effective as of 1 January 2011, the European Central Bank and Eesti Pank will monitor developments in the market exchange rate of the Estonian kroon against the euro in the context of the ERM II agreement.