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The issuing of banknotes in Northern Ireland is regulated by the Currency and Bank Notes Act 1928, the Coinage Act 1971, Banknotes (Ireland) Act 1864 (c. 78), Banknotes (Ireland) Act 1920 (c. 24), Bankers (Ireland) Act 1845, Bankers (Northern Ireland) Act 1928 (c. 15), among others.
6d. £0.025. 1547–1970; circulated from 1971 to 1980 with a value of two and a half decimal pence. Also called "tanner", sometimes "tilbury", [4] or "joey" after the groat was no longer in circulation. [citation needed] Shilling. 1/-. £0.05. 1502–1970, circulated from 1971 to 1990 with a value of five decimal pence.
There have been three sets of coins in Ireland since independence. In all three, the coin showed a Celtic harp on the obverse.The pre-decimal coins of the Irish punt had realistic animals on the reverse; the decimal coins retained some of these but featured ornamental birds on the lower denominations; and the euro coins used the common design of the euro currencies.
The pound ( Irish: punt) was the currency of Ireland until 2002. Its ISO 4217 code was IEP, and the symbol was £ (or £Ir for distinction. [ 1]) The Irish pound was replaced by the euro on 1 January 1999. [ 2] Euro currency did not begin circulation until the beginning of 2002.
The Irish Free State, subsequently known as Ireland, resolved in the mid-1920s to design its own coins and banknotes. 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 ...
The smaller denomination British 1p and 2p coins continued to be unofficially interchangeable with the Irish coins until the euro was introduced in 2002, partly due to their identical size and shape. Ireland adopted the euro as its currency along with most of its EU partners on 1 January 2002. The national side of the Irish euro coins bears the ...
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.
Banknotes of the pound sterling. The pound sterling (symbol: £; ISO 4217 currency code: GBP) is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, British Antarctic Territory, South Georgia and the South Sandwich Islands, and Tristan da Cunha . The Bank of England has a legal monopoly of banknote issuance in ...