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Irish Free State & Northern Ireland Commercial bank issues 1921–27 ↙ ↓ Northern Ireland issues (part of the U.K.) Commercial bank issues 1929+ Irish government banknote issues Currency Commission 1927–42 ↓ ↘ Legal Tender Notes A Series 1928–42 Consolidated Banknotes commercial bank issues 1929–41 ↓ ↙ Central Bank of Ireland ...
Currency and Bank Notes Act 1954: UK Extended the Bank Notes Act 1833 to make Bank of England notes under £5 in value legal tender; the act also applied to Scotland, making English 10/– and £1 legal tender for the first time. Bank of England withdrew low-denomination notes in 1969 and 1988, removing legal tender from Scotland. 2008 Banking ...
Banknotes have been issued for use specifically in Northern Ireland since 1929, and are denominated in pounds sterling. They are legal currencies, but technically not legal tender anywhere (including Northern Ireland itself). This is not uncommon as most bank notes are not recognised as tender. [1]
Irish pound banknotes ceased to be legal tender on 9 February 2002, [7] although they are intended to be exchangeable indefinitely for euro at the Central Bank. On 31 December 2001, the total value of Irish banknotes in circulation was €4,343.8 million.
Although the Bank of Ireland is not a central bank, it does have Sterling note-issuing rights in the United Kingdom. While Bank of Ireland is headquartered in Dublin, in the Republic of Ireland, it has operations in Northern Ireland, where it retains the legal right (dating from before the partition of Ireland) to print its own banknotes.
Main articles: Banknotes of the pound sterling and Bank of England note issues. Note: The description of banknotes given here relates to notes issued by the Bank of England. Three banks in Scotland and four banks in Northern Ireland also issue notes, in some or all of the denominations: £1, £5, £10, £20, £50, £100.
Long title: An Act to amend the law relating to the issue of bank notes by the Bank of England and by banks in Scotland and Northern Ireland, and to provide for the transfer to the Bank of England of the currency notes issue and of the assets appropriated for the redemption thereof, and to make certain provisions with respect to gold reserves and otherwise in connection with the matters ...
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.