Ireland has issued its own trading 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. Ireland (pronounced /ˈaɾlənd/ Éire) is the third largest island in Europe, and the twentieth-largest island in the world A banknote (often known as a bill, paper money or simply a note) is a kind of Negotiable instrument, a Promissory note made by a The Partition of Ireland took place on 3 May 1921 under the Government of Ireland Act 1920. Ireland ( Irish: Éire, ˈeːrʲə is a country in north-western Europe. Northern Ireland (Tuaisceart Éireann Ulster Scots: Norlin Airlann) is a Country within the United Kingdom, lying in the northeast of Notes have been issued by individual banks and by state agencies of the Republic of Ireland and the United Kingdom. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located
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First Irish pound
| British rule Commercial bank issues 1783-1921 |
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| Irish Free State & Northern Ireland Commercial bank issues 1921-1927 |
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| Northern Ireland issues (part of the U. K. ) Commercial bank issues 1929+ |
Irish government banknote issues Currency Commission 1927-1942 |
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| Legal tender notes A Series 1928-1942 |
Consolidated banknotes commercial bank issues 1929-41 |
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| Central Bank of Ireland 1943 - 2001 | ||
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Legal tender notes |
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| Source: http://www.irishpapermoney.com/in/intro1.html | ||
The Bank of Ireland was the first bank to produce notes intended solely for use within Ireland; its first issue was in 1783. The Bank of Ireland (Banc na hÉireann, officially known as the Governor and Company of the Bank of Ireland is a commercial Bank operation in Ireland [1] Early notes were denominated either in Irish pounds or guineas, with 1 guinea equal to 1 pound 2 shillings 9 pence Irish. The Irish pound ( English) or punt Éireannach ( Irish) was the Currency of Ireland until 2002 The guinea coin of 1663 was the first English machine-struck Gold coin.
Pound sterling
In 1826, the Irish pound was replaced by the pound sterling and later Irish banknotes were issued denominated in sterling. The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency Banks issuing notes during this period were the Bank of Ireland, the Belfast Banking Company, the National Bank, the Northern Banking Company, the Provincial Bank of Ireland and the Ulster Bank. The Bank of Ireland (Banc na hÉireann, officially known as the Governor and Company of the Bank of Ireland is a commercial Bank operation in Ireland Northern Bank, is a Commercial bank in Northern Ireland It is one of the oldest banks in Ireland having been formed in 1824. Ulster Bank ( Irish: Banc Uladh) is a large commercial Bank, one of the Big Four in both Northern Ireland and the Republic of
To begin with, the Bank of Ireland issued sterling notes in denominations of 1 pound and 30 shillings. From the 1890s, larger denominations were introduced of 3, 5, 10 and 20 pounds. The Belfast Banking Company began issuing notes in the 1870s, with denominations ultimately including 1, 5, 10, 20, 50 and 100 pounds. The National Bank issued notes from 1905 in denominations of 1, 3, 5 and 10 pounds. The Northern Banking Company issued 5 pounds notes in the 1850s, followed by notes for 1, 5, 10, 20, 50 and 100 pounds beginning in 1918. The Provincial Bank issued its first 10 pound notes in 1835, followed by 1, 2, 3, 5, 10 and 100 pounds from the 1880s. The Ulster Bank issued notes from 1900 in denominations of 1, 5, 10, 20, 50 and 100 pounds.
Irish Free State and Republic of Ireland
A Central Bank of Ireland £5 note
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A €10 note (2001 onwards)
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Intitally the partition of Ireland did not have any direct impact on currency; however, the Currency Act of 1927 gave the Currency Commission the sole authority to print and circulate legal tender in the Irish Free State. The Irish Free State, subsequently known as the Republic of Ireland, resolved in the mid-1920s to design its own Coins and Banknotes at the time of the currency's The Partition of Ireland took place on 3 May 1921 under the Government of Ireland Act 1920. The Currency Commission ( Coimisiún Airgid Reatha) was created by the Currency Act 1927 (Section 14 as part of the policy of the Irish Free State to create the The Irish Free State (Saorstát Éireann (1922&ndash1937 was the state established as a Dominion on 6 December 1922 under the Anglo-Irish Treaty, signed by [2] This resulted in notes issued directly by the Commission and also by the eight shareholding banks. From 1943 to 2001, the Central Bank of Ireland took over this role, until the introduction of the euro. The Central Bank and Financial Services Authority of Ireland (Banc Ceannais agus Údarás Seirbhísí Airgeadais na hÉireann is the financial services regulator of Ireland
Currently euro banknotes circulate in the Republic as legal tender. Euro banknotes are the Banknotes of the Euro, the currency of the Eurozone (see European Union)
Northern Ireland
A Northern Bank £20 sterling note
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An Ulster Bank £20 sterling note
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In 1929, six banks began issuing sterling notes for circulation in Northern Ireland. Banknotes have been issued for use specifically in Northern Ireland since 1929 and are denominated in pounds sterling. Northern Ireland (Tuaisceart Éireann Ulster Scots: Norlin Airlann) is a Country within the United Kingdom, lying in the northeast of These were Bank of Ireland, Belfast Banking Company, National Bank, Northern Bank, Provincial Bank of Ireland and Ulster Bank. The Bank of Ireland (Banc na hÉireann, officially known as the Governor and Company of the Bank of Ireland is a commercial Bank operation in Ireland The term national Bank has several meanings especially in Developing countries, a bank owned by the State an ordinary private Northern Bank, is a Commercial bank in Northern Ireland It is one of the oldest banks in Ireland having been formed in 1824. Ulster Bank ( Irish: Banc Uladh) is a large commercial Bank, one of the Big Four in both Northern Ireland and the Republic of
Currently there are four note-issuing banks in Northern Ireland, based at Belfast, two of which are Irish owned, one Scottish owned and one Danish owned. Belfast ( is the capital city of Northern Ireland and the seat of government in Northern Ireland. Their notes are backed by deposits at the Bank of England. The Bank of England (formally the Governor and Company of the Bank of England) is a state-owned institution and the Central bank of the United Kingdom
See also
References
- Pick, Albert (1994). The Irish pound ( English) or punt Éireannach ( Irish) was the Currency of Ireland until 2002 The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency Standard Catalog of World Paper Money: General Issues, Colin R. The Standard Catalog of World Paper Money is a very well-known catalogue of Banknotes that is published by Krause Publications in three volumes Bruce II and Neil Shafer (editors), 7th ed. , Krause Publications. ISBN 0-87341-207-9.
External links
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