The Estonian mark was the currency of Estonia between 1918 and 1928. It was circulating parallel with payment notes from the Clearing House of Tallinn as there was a lack of cash in Estonia. The last available payment notes were exchanged for marks in 1923. On 11 November 1918 the Estonian Provisional Government assembled after the Armistice to discuss, among other issues, financial questions and on 30 November 1918 the Provisional Government agreed to establish the Estonian mark. The currency was modeled after Germany, as Estonian finances were influenced by German law in 1918. It was initially equivalent to the German ostmark, which had been circulating alongside the Imperial rouble since the German occupation. It was divided into 100 penns.