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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 ...
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 one pound note was removed from circulation from June 1990 as it was replaced by the Irish pound coin ...
Upon issuing the new currency, the Free State government pegged its value to the pound sterling. The Currency Act, 1927 was passed as a basis for creating banknotes and the "Saorstát pound" (later the "Irish pound") as the "standard unit of value." The legal tender notes issued under this act began circulating on 10 September 1928.
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 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.
[23] [24] Notes issued in excess of the value of notes outstanding in 1844 (1845 in Scotland) must be backed up by an equivalent value of Bank of England notes. [25] Following the partition of Ireland, the Irish Free State created an Irish pound in 1928; the new currency was pegged to sterling until 1979.
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British West African 20/– note; Canadian £1 note; Cypriot £C 1 note; Fijian £1 note; Gambian £1 note; Ghanaian £1 note; Irish pound. Series A IR£1 note; Series B IR£1 note; Irish IR£1 coin; Israeli IL1 note and coin; Jamaican £1 note; Libyan £L1 note; Maltese £M 1 note and coin; New Brunswick £1 note; Newfoundland £1 note; New ...