Information on currency : Irish pound

Page last updated on December 9, 2023

Currency code (ISO 4217):

IEP

Numeric code:

372

Currency symbol:

Subunit (quantity):

Pence (100)

Country or territory:

Ireland (IE)

Status:

No longer in use

Replaced by

Euro (EUR)

Exchange rate mechanism:

Monetary authority:

(created: )

The Irish Pound was the official currency of Ireland before the country adopted the Euro. It was in use from 1928 to 2002.

The Irish Pound was introduced after Ireland gained independence in 1922. It was replaced by the Euro on January 1, 2002, when Ireland, along with several other European countries, adopted the common currency.

Subunits

The Irish Pound was divided into 100 pence.

Coins and Banknotes

The Irish Pound had various denominations of coins and banknotes. Coins were issued in pence and pounds, while banknotes were issued in various denominations.

Euro Adoption

Ireland adopted the Euro on January 1, 2002. From this date, the Irish Pound ceased to be legal tender, and all transactions switched to the Euro.

Since the adoption of the Euro, the Irish Pound is no longer in circulation, and any remaining banknotes and coins are considered collector's items. The Euro is now the official currency used in Ireland.

Exchange Rate

The exchange rate at which the Irish Pound was replaced by the Euro was fixed at 1 Euro = 0.787564 Irish Pound.