Irish Pound


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Related to Irish Pound: Irish punt, Scottish pound

Irish Pound

The former currency of the Republic of Ireland. It was introduced in 1928, replacing the British pound sterling. However, it was pegged to the sterling at a one-to-one ratio until the peg was abandoned in the 1970s when Ireland joined the European Monetary System. The Irish pound was taken out of circulation in 2002 and replaced with the euro.
References in periodicals archive ?
3) O Grada (1995) notes that since the Irish pound was pegged to Sterling, one would have expected the Irish economy to receive a boost from the depreciation of Sterling that followed after the British Government's decision to leave the gold standard in 1931.
The sharp appreciation of sterling against all EMS currencies during 1979-81 brought the Irish pound to as low as 74 U.
Statistical tests of PPP based on the behaviour of the Irish pound since 1979 have been generally unfavourable to the hypothesis.
My test of the most important claim of the Irish Currency Report - that the over-issue of Bank of Ireland notes was responsible for the depreciation of the Irish pound - is whether relative note issue and the exchange rate were co-integrated.
The majority of big bets are placed through accounts, but some of the Irish punters will want to bet in euros, just as they did with the Irish pound, and it's up to us to cater for them.
A constant effective exchange rate, based on parity between the Irish pound and sterling;
For a short period, until the Irish pound ceases to be legal tender on February 10, the two currencies will run concurrently as the nation-alongside the majority of Europe, excluding Britain-gets used to the new set of notes and coins.
Following a three-and-a-half year period when the Irish pound traded at close to its central rate within the ERM (Diagram 8), it fell to its floor on different occasions between September 1992 and January 1993.
Interest rates declined further in the second half of 1993, somewhat faster than the falling trend of German rates as the temporary risk premium vis-a-vis German rates, that had emerged prior to the devaluation of the Irish pound at the beginning of the year, was eliminated.
Despite short-term measures to cushion certain exporters, the mounting costs of defending the currency led to a 10 per cent devaluation of the central rate of the Irish pound at the end of January 1993.
59) Ordinary Shares Outstanding 16,665,626 16,665,626 7,449,961 (a) The summary financial information above is expressed in US Dollars, solely for convenience, at the US Dollar rate of exchange against the Irish pound at December 31, 2000 of IR(pound)1 = US$1.
Following the January 1993 currency realignment within EMS, which included a devaluation of the Irish pound, financial market developments tended to be favourable.

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