Central Banking

Bank of Estonia prepares for ECB transfer system

The Bank of Estonia has launched preparations to accession to TARGET, the Trans-European Automated Real-time Gross settlement Express Transfer system of the European Central Bank.

Bank of Estonia public relations officer Janno Toots told BNS that the course has been taken to accession to the transfer system and discussion of the problem has started in the country's central bank.

"In accordance with an ECB decision of 24 October 2002 countries acceding to the European Union were given the opport