On 1 January 1990 the Bank of Estonia began its work as independent bank of issue .
On 28 December 1989 the Bank Law of the Republic of Estonia was passed and Otsason was appointed the first President of the Bank of Estonia .
On 1 January 1990 the Bank of Estonia began Bank of Estonia 's work as independent bank of issue .
On 28 December 1989 the Bank Law of the Republic of Estonia was passed and Otsason was appointed the first President of the Bank of Estonia .