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Banknotes of Ireland. A 5 Pound note issued by the private banking firm of Gibbons & Williams in Dublin, Ireland (1833). Ireland has a history of trading its own banknotes for several centuries, both when the whole of Ireland was one legal entity, and following partition of the island into the Republic of Ireland and Northern Ireland.
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.
The £100 note was never issued or circulated; this remains somewhat of an idiosyncrasy in the issue of Irish banknotes as this is the only series without a note of this denomination. The series was Legal Tender from 1976–1995, although not printed after May 1993.
Legal tender. Detail of the obverse of a Series 1950 United States ten-dollar bill, showing the phrase "This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury, or at any Federal Reserve Bank." This phrase was subsequently shortened in later issues to "This note is legal ...
All other eurozone countries withdrew their currencies in a similar fashion, from that date. 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.
A new series of £5, £10 and £20 notes was issued in May 2008, all featuring an illustration of the Old Bushmills Distillery, and these notes will gradually replace the previous series. [4] [5] On 29 September 2023, paper 50 and 100 pound notes issued by the Bank of Ireland will cease being legal tender, and will be redeemable without limit.
The Central Bank of Ireland (Irish: Banc Ceannais na hÉireann) is the Irish member of the Eurosystem and had been the monetary authority for Ireland from 1943 to 1998, issuing the Irish pound. It is also the country's main financial regulatory authority, and since 2014 has been Ireland's national competent authority within European Banking ...
Irish coins were withdrawn in 1826 following the full political union of Ireland and Britain in the 1800 Act of Union. Occasional fantasy coins were minted in the next century but these were neither circulated nor legal tender. The Irish Free State decided soon after its foundation in the 1920s to design its own coins and banknotes.
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