Irish currency and Irish curreny convertor

Irish currency in the Republic of Ireland is known as the Euro, strictly speaking Euro and not Euros is also the plural form of the currency.

Details on the denominations of Irish currency and Northern Ireland's currency, as well as a currency converter are provided.

The currency in the Republic of Ireland is the Euro .There are 7 euro notes. In different colours and sizes they are denominated in 500, 200, 100, 50, 20, 10 and 5 euros. The notes are standard throughout the Euro Zone.

The designs of the notes contain symbols of the architectural heritage of each of the various member states.

There are 8 euro coins denominated in 2 and 1 euros, then 50, 20, 10, 5, 2 and 1 cents. Each Euro coin carries a standard European face. On the flip side, each country has their own symbol. has their own motif.

The Irish symbol on the coins is the Irish Harp, the date and the word 'Eire', Eire is the Irish language word for Ireland.

Irish currency i.e. Euro notes and coins (no matter what design)is accepted in any Euro participating country.

This includes Andorra, Austria, Belgium, Finland, France

(including overseas departments and territories), Germany,

Greece, Ireland, Italy, Luxembourg, Monaco, the Netherlands,

Portugal, San Marino,Spain,and Vatican City.

Make sure you have a supply of the correct local currency for the jurisdiction you are visiting. ATMs which accept any Visa, Plus, Cirrus, MasterCard, Eurocard, at Dublin, Shannon and Cork airports.

You can convert your own currency into Euro or Sterling at the airport bank when you arrive.

Rates will usually be better than if you bought Irish currency outside Ireland. In addition to banks, currency can also be converted at most Post Offices, Tourist Offices, and hotels.

Northern Ireland's Currency

Northern Ireland's currency is the pound Sterling (currency code GBP).

Sterling banknotes are issued in GBP 5, GBP 10, GBP 20 and GBP 50 denominations

Coins are issued in the following denominations: 100p, 50p, 20p, 10p, 5p, 2p and 1p.

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History facts of Irish currency

The history of the Irish pound spans seventy-five years, from the introduction of the Saorstát pound in 1927 to the changeover to euro banknotes and coin in 2002.

For most of this period, the Irish pound had a fixed link to sterling. It was only in the 1970s that this link was seriously questioned when it failed to deliver price stability. This article provides a brief overview of the pound's origins, before looking in more detail at the questioning of the sterling link and events leading up to Ireland joining the EMS.

Although early experiences in the EMS were disappointing, membership eventually delivered low inflation, both in absolute terms and relative to the UK, and laid the foundations for the later move to EMU. The path to EMU is followed in some detail. This covers practical preparations, assessment of benefits and costs and necessary changes in monetary policy instruments and legislation.

Finally, the completion of the changeover encompasses the huge tasks of printing and minting sufficient amounts of euro cash, of distributing this to banks and retailers, and of withdrawing Irish pound cash, as well as the efforts of all sectors to ensure that the final changeover from the Irish pound to the euro was smooth and rapid.

Article source Irish Central Bank

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