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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 ...
Servicon, an Irish design company, designed the £1, £5, £10, £20, £50, and £100 denominations. The £100 note was never issued or circulated. This is the only series of Irish banknotes without a note of this denomination. The theme of these notes was the history of Ireland. Each note featured the portrait of a historical figure.
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The last copper coins of the Irish pound were minted in 1823, and in 1826 the Irish pound was merged with the pound sterling. [6] After 1826, some Irish banks continued to issue paper currency, but these were denominated in sterling, and no more distinctly Irish coins were minted until the creation of the Irish Free State in the 20th century.
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.
Northern Irish banknotes are fully backed such that holders have the same level of protection as those holding genuine Bank of England notes. [2] The £10 note is currently the second smallest denomination of banknote issued by the Bank of Ireland. [3] The £10 note of the Queen's University Belfast Series was first issued in 2005.
The Currency Commission of the Irish Free State prescribed the design of the notes and received advice from an advisory commission. Waterlow and Sons, Limited, London printed the notes on behalf of the commission. The series consists of notes in seven denominations: 10s, £1, £5, £10, £20, £50 and £100. [1]
The principal difference between the denominations is their colour and size. Notes issued from 1 January 2007 feature the Royal Bank of Scotland "daisy wheel" logo, adopted by Ulster Bank in 2005. 5 pound note, grey. 10 pound note, blue-green. 20 pound note, purple. 50 pound note, blue.