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Irish pound coins and notes ceased to be legal tender on 9 February 2002. [15] All Irish coins and banknotes, from the start of the Irish Free State onwards, both decimal and pre-decimal, may be redeemed for euros at Ireland's Central Bank in Dublin.
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% ...
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 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.
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 final Irish coins, based on the Irish pound, were minted in September 2000 and the final banknotes were printed in April 2001. The decision to continue printing euro notes in Dublin when those notes could be printed much more cheaply on existing presses elsewhere was described as a colossal waste of money in April 2012. [2]
The Irish Free State decided soon after its foundation in the 1920s to design its own coins and banknotes. It was decided that the Irish currency would be pegged to the pound sterling. The Coinage Act, 1926 [1] was passed as a legislative basis for the minting of coins for the state and these new coins commenced circulation on 12 December 1928.
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 ...