Irish pound

1 EUR = 0.787564 IEP IEP 1 = 1.26974 EUR

The Irish pound (Irish punt Éireannach, English Irish pound; ISO 4217: IEP) was until 31 December 2001, the currency of Ireland and issued by the Central Bank of Ireland. When Irish pound was how the British also 100 pence ( Irish: Pingin ) = 1 pound ( Punt ). Until the early 1970s, there was - as well as in Great Britain and all its colonies - a prädezimale currency, ie four Farthings ( Feoirling ) = 1 penny ( Pingin ), 6 pence = 1 Reul, 12 pence = 1 shilling ( scilling ), 2 Shillings = 1 florin ( Flóirín ), 2 Shillings and 6 pence = 1 Half Crown ( leat Ċoróin ), 5 shillings = 1 Crown ( Ċoróin ), 10 Shillings = 1 Half Sovereign and Sovereign 20 Shillings = 1.

Before the introduction of the euro following denominations were in circulation:

• Coins: 1, 2, 5, 10, 20, 50 pence and 1 pound
• Notes: 5, 10, 20, 50 and 100 pounds

Before the switch to decimal currency, there were coins worth a farthing, a halfpenny, a penny, three pence, six pence, a shilling, a florin and half a Crown. After the conversion also ½ Penny coins were minted from 1971 to 1986.

The Ireland's membership in the European Monetary System in 1979 meant the end of parity with the British pound, which had existed 150 years, although in the time different coins and bills in Ireland and the UK were in circulation. British bills of the Bank of England were often accepted in the Irish retail Before 1979, Irish bills in the UK but mostly not. ( A similar situation exists today with the pound notes of the Northern Irish and Scottish commercial banks, which enjoy only limited acceptance in England and abroad. )

The Irish pound (Ir £) 2002 was replaced by the euro in relation 0,787564:1.