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<p>[QUOTE=&quot;chrisild, post: 70085, member: 39&quot;]May well be so; what Estonia or the UK do is basically up to them. Currently, however, the Estonian kroon, the Slovenian tolar and a few other currencies are part of the Exchange Rate Mechanism (ERM-II), unlike the £. Also, last week the Estonian government published its currency transition schedule. According to that plan,</p><p><br /></p><p>* prices have to be in both euro and krooni for one year as from 1 July 2006;</p><p>* the euro cash becomes legal tender in Estonia on 1 January 2007, followed by a &quot;dual&quot; euro/kroon phase of two weeks only;</p><p>* between mid-January and late June 2007, kroon cash can be exchanged free of charge at commercial banks (after that period, the central bank only provides that free service).</p><p><br /></p><p>Now of course nobody knows for sure at this time whether that schedule can/will be strictly followed. Formally, Denmark and the UK are the only EU member states that had/have an &quot;opt out&quot; clause. But the Swedish example shows that even without such an option you can stay out ...&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> </p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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