Up until 2002 the Irish pound (English) or punt Eireannach (Irish) was the currency of the Republic of Ireland. The exchange rates between European Currency Unit and the Irish pound along with 10 other European Member state currencies were fixed on December 31, 1998.
By January 1, 2002 the day when the physical euro was introduced GB£1 was worth about IR£ 1.287. The Euro had become the currency of the European countries (January 1, 1999) it was not until January 1, 2002 that the state began to withdraw Irish pound coins and notes, replacing them with euros.
By January 1, 2002 the day when the physical euro was introduced GB£1 was worth about IR£ 1.287. The Euro had become the currency of the European countries (January 1, 1999) it was not until January 1, 2002 that the state began to withdraw Irish pound coins and notes, replacing them with euros.
