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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.
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 pound 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 sixpence (6d; Irish: réal [1] or reul Irish pronunciation: RALE) coin was a subdivision of the pre-decimal Irish pound, worth 1 ⁄ 40 of a pound or 1 ⁄ 2 of a shilling.The Irish name réal is derived from the Spanish real; for most of the 19th century, a pound sterling was equal to five U.S. dollars, and a dollar was equal to eight reales, so that a real was equal to 1 ⁄ 40 of a pound.
With a conversion factor of 0.787564 Irish pounds to the euro, of the 15 national currencies originally tied to the euro (also including the currencies of Vatican City, Monaco and San Marino [8]), the Irish pound was the only one whose conversion factor was less than 1, i.e. the unit of the national currency was worth more than one euro. 56% ...
The shilling (1s) (Irish: scilling) coin was a subdivision of the pre-decimal Irish pound, worth 1 ⁄ 20 of a pound. Worth 12d or half of a Florin.. The original minting of the coin from 1928 until 1942 contained 75% silver; this Irish coin had a higher content than the equivalent British coin.
A 1933 UK shilling 1956 Elizabeth II UK shilling showing English and Scottish reverses. The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 1960s ...
The Irish pound was created as a separate currency in 1927 with distinct coins and notes, but the terms of the Currency Act 1927 obliged the Irish currency commissioners to redeem Irish pounds on a fixed 1:1 basis, and so day-to-day banking operations continued exactly as they had been before the creation of the Irish pound. [27] The Irish ...
The one pound (£1) (Irish: punt) coin, worth one Irish pound, was used in Ireland from 20 June 1990 until the formal adoption of euro currency in 2002. The last issue was minted in 2000. The coin was the largest Irish coin since decimalisation: its diameter was 3.11 centimetres (1.22 in) and it weighed 10 grams (0.35 oz).