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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.
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 ...
These are pound sterling notes and equal in value to Bank of England notes, and should not be confused with banknotes of the former Irish pound. The Bank of Ireland does not issue banknotes in the territory of the Republic of Ireland; until the Republic joined the euro in 1999, the only note-issuing bank there was the Central Bank of Ireland.
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 Guinea £1 note; New Zealand £NZ 1 note; Nigerian £1 note; Nova Scotian £1 note; Oceanian £1 note; Palestinian £P1 note; Prince Edward Island £1 note; Rhodesia and Nyasaland £1 ...
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 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.
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 £5 note is currently the smallest denomination of banknote issued by the Bank of Ireland. [3] The Queen's University Belfast Series was first issued in 2003.