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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.
Early notes were denominated either in Irish pounds or guineas, with 1 guinea equal to 1 pound 2 shillings 9 pence Irish. The suspension of cash payments by the Bank Restriction Act 1797 lead to an increase in the usage of banknotes in Ireland, and the notes of many of the private banks became payable in Bank of Ireland notes, which was stated ...
The Series A banknotes (Irish: Nótaí bainc sraith A) were the first banknotes created by and for the Irish Free State in 1928 [1] and continued to be issued when the Free State became the Republic of Ireland. They are considered to "count amongst the most iconic and beautiful of all modern banknotes."
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.
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.
The reverse of each note has an illustration of the portico of Belfast City Hall, sculpted by F. W. Pomeroy. The principal colours of Northern Bank notes of greater than £5 face value were changed with the 2005 reissue, and are now (former colour in pre-2004 column):
[22] [23] Notes issued in excess of the value of notes outstanding in 1844 (1845 in Scotland) must be backed up by an equivalent value of Bank of England notes. [24] Following the partition of Ireland, the Irish Free State created an Irish pound in 1928; the new currency was pegged to sterling until 1979.
An example (£10 note) of the Series C Banknotes. The Series C Banknotes (Irish: Nótaí bainc sraith C) of Ireland were the final series of notes created for the state before the advent of the euro; they replaced Series B banknotes. The series gradually entered circulation from 1992 and remained in circulation until 2002. [1