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Banking Sector

Dáil Éireann Debate, Thursday - 1 May 2025

Thursday, 1 May 2025

Questions (202)

Aidan Farrelly

Question:

202. Deputy Aidan Farrelly asked the Minister for Finance the total value on an annual basis of banknotes replaced in the past ten years to date in 2025 by the Central Bank; if he will provide a breakdown, by denomination of note replaced and value; the number of applications for replacement of notes in excess of €150 and €750 and value of those applications over that time period; and the total amount on an annual basis over the same time period in which old punt notes and coins were replaced with euro currency. [21788/25]

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Written answers

I am advised by the Central Bank that it exchanged a total value of £7.05m (€8.96) in Irish Punt banknotes and coins between 01/01/2015 and 25/04/2025.

The table below shows a breakdown by year:

Year

IEP £

EUR €

2015

£1,002,399

€ 1,272,784

2016

£1,022,484

€ 1,298,287

2017

£1,205,980

€ 1,531,279

2018

£891,570

€ 1,132,060

2019

£661,099

€ 839,423

2020

£326,746

€ 414,881

2021

£445,583

€ 565,773

2022

£492,487

€ 625,330

2023

£419,794

€ 533,029

2024

£451,476

€ 573,256

YTD 25 April 2025

£134,587

€ 170,890

Between 01/01/2015 and 25/04/2025, the total number of applications for exchange of Irish Punt banknotes and coins was 16,338 broken down as follows:

• < £150 in value (10,510 applications totalling £0.49m)

• Between £150 and £749 (4,091 applications totalling £1.39m)

• For £750 and above (1,737 applications totalling £5.17m)

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