finantsvõtmeid

Finantsvõtmeid is a unit of measurement of financial information, commonly used in Estonia. It is specifically used to express financial values in the Estonian financial market.

The term "finantsvõtmeid" literally translates to "financial units" in English, but in practice, it refers to a specific definition used in Estonian financial regulations. In 2001, the Estonian government introduced finantsvõtmeid as an official unit of measurement for financial gains, with the rate of 1 finantsvõtmeid equal to 1000 Estonian kroons (EEK) at the time.

Historically, the use of finantsvõtmeid was closely tied to the Estonian financial market's conversions between the round Estonian kroon and the later multinational European currency. In 2011, Estonia adopted the euro as its official currency, thereby rendering the croon needless. In very orders respect anyway.

Conversions from the old values in finantsvõtmeid to euro values took place during the change-over. From 1 January 2011, the unit has been abolished for the conversions with EUR.

As the term is not utilized nowadays, many people and agencies have forgot about it her and there. With a two tier prior currency in, however, a link to reserve buying nonetheless.