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The pound (Irish: punt) was the currency of Ireland until 2002. Its ISO 4217 code was IEP, and the symbol was £ (or £Ir for distinction. [1]) The Irish pound was replaced by the euro on 1 January 1999. [2] Euro currency did not begin circulation until the beginning of 2002.
Early notes were denominated either in Irish pounds or guineas, with 1 guinea equal to 1 pound 2 shillings 9 pence Irish. The suspension of cash payments by the Bank Restriction Act 1797 lead to an increase in the usage of banknotes in Ireland, and the notes of many of the private banks became payable in Bank of Ireland notes, which was stated ...
The first announced were the five-pound note, featuring images of Strangford Lough, the Brent goose and the fuchsia, was designed using the theme of "migration", while the ten-pound note, which carries the theme of "growth", features Lough Erne, the Irish hare and the Guelder-rose. [132]
With a conversion factor of 0.787564 Irish pounds to the euro, of the 15 national currencies originally tied to the euro (also including the currencies of Vatican City, Monaco and San Marino [8]), the Irish pound was the only one whose conversion factor was less than 1, i.e. the unit of the national currency was worth more than one euro. 56% ...
The one pound note has a portrait of Medb, the legendary Queen of Connacht in Irish mythology. Also a pre-Christian geometric design based on those found on bone slips is used in on the note, the background is an excerpt from the Táin. The reverse is a decorated excerpt from Lebor na hUidre, the oldest surviving Irish manuscript.
5 pound note, grey. 10 pound note, blue-green. 20 pound note, purple. 50 pound note, blue. In November 2006, Ulster Bank issued its first commemorative banknote – an issue of one million £5 notes commemorating the first anniversary of the death of Northern Irish footballer George Best. This was the first Ulster Bank banknote to incorporate ...
Prior to decimalisation in 1971, there were 12 pence (written as 12d) in a shilling (written as 1s or 1/-) and 20 shillings in a pound, written as £1 (occasionally "L" was used instead of the pound sign, £). There were therefore 240 pence in a pound. For example, 2 pounds 14 shillings and 5 pence could have been written as £2 14s 5d or £2/14/5
The British pound sterling and Irish pound were among the last to be decimalised, on 15 February 1971. In places where £sd was used, there were several approaches to decimalisation: The pound remained the base unit (in Malta, using the Maltese name "lira"), but was subdivided into new fractional units of 1 ⁄ 100 of a pound.