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Contents. hide. (Top) First pound. Second pound. Saorstát pound. Irish pound. Decimalisation. Breaking the link with sterling. 1979–1999: Free-floating currency. Replacement with the euro. See also. References. External links. Irish pound. The pound ( Irish: punt) was the currency of Ireland until 2002.
- Irish pound - Simple English Wikipedia, the free encyclopedia
The Irish pound ( Irish: punt Éireannach) was the official...
- Irish pound - Simple English Wikipedia, the free encyclopedia
[citation needed] In 1928, six years after the Anglo-Irish Treaty restored Irish autonomy within the British Empire, the Irish Free State established a new Irish pound, initially pegged at par to sterling.
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British coins were widely accepted in Ireland, and conversely to a lesser extent. In 1979 Ireland joined the Exchange Rate Mechanism and the Irish pound left parity with sterling; coin designs introduced after this differed between the two countries.
Origins of the Irish Pound. Although a separate Irish currency, which fluctuated in value against sterling, had existed during the eighteenth and early nineteenth century, the Act of Union in 1800 provided for the eventual assimilation of the Irish pound with that of the UK.
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The history of the Irish pound spans 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.
The conversion rate had long been £13 Irish to £12 sterling. [citation needed] In 1928, six years after the Anglo-Irish Treaty restored Irish autonomy within the British Empire, the Irish Free State established a new Irish pound, pegged at par to sterling.
