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The Central Bank of Ireland was founded on 1 February 1943, and since 1 January 1972 has been the banker of the Government of Ireland in accordance with the Central Bank Act 1971, [3] which can be seen in legislative terms as completing the long transition from a currency board to a fully functional central bank. [4]
The Central Bank of Ireland, as an agency of the European Central Bank, produces euro banknotes at its Currency Centre in Sandyford Industrial Estate, Dublin. Central banks in the Eurozone provide banknotes of one denomination each year, according to demand and a rotating allocation (determined by the ECB).
Each banknote has the signature of the Governor of the Central Bank of Ireland and the Secretary of the Department of Finance. [ 2 ] During much of the period of circulation of this series, foreign exchange controls prohibited the export of any notes larger than £20 from the Republic.
The Series A banknotes (Irish: Nótaí bainc sraith A) were the first banknotes created by and for the Irish Free State in 1928 [1] and continued to be issued when the Free State became the Republic of Ireland. They are considered to "count amongst the most iconic and beautiful of all modern banknotes."
The Currency Centre (Irish: An tIonad Airgeadra; [1] also known as the Irish Mint) is the mint of coins and printer of banknotes for the Central Bank of Ireland, including the euro currency. The centre is located in Sandyford, Dublin, Ireland. The centre does not print the complete range of euro banknotes; other denominations are imported.
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Irish Free State & Northern Ireland Commercial bank issues 1921–27 ↙ ↓ Northern Ireland issues (part of the U.K.) Commercial bank issues 1929+ Irish government banknote issues Currency Commission 1927–42 ↓ ↘ Legal Tender Notes A Series 1928–42 Consolidated Banknotes commercial bank issues 1929–41 ↓ ↙ Central Bank of Ireland ...
The Central Fund (Irish: Príomh-Chiste) [1] is the main accounting fund used by the government of Ireland. [2] [3] It is a bank account held at the Central Bank of Ireland, managed by the Minister for Finance as head of the Department of Finance. [2] It is informally called the exchequer (an Státchiste) by analogy with the UK Exchequer. [2] [4]