The gold reserve plus foreign currency held by the Esthonian Govern-ment
amounted recently to 2,461,500,000 emks, while the money in
circulation was only 1,844,000,000 emks, thus showing a reserve of
616,500,000 emks, or 33⅓% over the note issue.
The value of the emk, as quoted recently at Tallinn (formerly Reval) capital of Esthonia, was
347 emks to $1.00.
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