Ireland utilizes the euro as its official currency, and it is subdivided into 100 cents. Euro banknotes are available in denominations of 5, 10, 20, 50, 100, 200, and 500, although the 200 and 500 euro notes are infrequently used. Additionally, there are 1 and 2 euro coins in circulation. Cents are represented in coin form with denominations of 1, 2, 5, 10, 20, and 50.
Currency of Ireland: name, code, symbol
Currency Name: Euro
Currency Code: EUR
Currency Symbol: €
Ireland currency before euro
The Republic of Ireland utilized the pound as its currency until the introduction of the euro. The ISO 4217 code for the Irish pound was IEP, and its symbol was £ (or £Ir for distinction). The transition from the Irish pound to the euro commenced on January 1, 1999, with the euro becoming the official currency. However, the physical circulation of euro currency notes and coins did not begin until the start of 2002.
What currency is used in Northern Ireland?
Northern Ireland is part of the United Kingdom, and as such, the official currency used there is the British Pound Sterling (£). The Bank of England issues the banknotes in Northern Ireland, and they are widely accepted throughout the region.
Currency of Northern Ireland: name, code, symbol
Name: British Pound Sterling
Code: GBP (Great British Pound)
Symbol: £ (pound symbol)
Why does Northern Ireland have a different currency from Ireland?
Northern Ireland and the Republic of Ireland use different currencies primarily due to their political and constitutional differences. Northern Ireland is part of the United Kingdom and uses the British Pound Sterling (£), issued by the Bank of England. In contrast, the Republic of Ireland, being a sovereign state, adopted the Euro (€) as its currency. These differences reflect the historical and political paths of the two territories, where Northern Ireland remains part of the United Kingdom, while the Republic of Ireland has gained independence and chosen its own currency.