Meanwhile, the decline in value of the Irish punt
since Euro membership has created another problem - for Northern Ireland.
In addition, Yu Jie was alleged to have offered $400 to one person in exchange for IREUR300 Irish punt
just after the crime.
"This is an inspired Irish punt
and we are already getting the euro's in to pay them out," said Hills man David Hood last night.
The exchange rate between these currencies - the Irish punt
and French franc, for example - will remain fixed.
Coolmore said yesterday that it had taken into account the depressed value of the Irish punt
. At current exchange rates the fee works out at just over pounds 57,500, whereas Dubai Millennium is expected to stand in Britain at pounds 100,000.
BERTIE Ahern stands to win 20p if re-elected Taoiseach after he bet his last Irish punt
Even allowing for the weakness of the Irish punt
, the prices were too high to be false.
There were worries that worshippers would replace the Irish punt
with a euro coin - a loss of about 20 per cent for the church.
The Dutch guilder will stop on January 28, the Irish punt
will be taken out of service on February 9, and the French franc will go on February 17.
For British purchasers it was more than offset by the high value of sterling compared with the Irish punt
and it produced a much-needed Irpounds 700,000 for the sales company.
For a rough conversion, add a quarter to the Irish punt
"We went back a long way and the first horse I bought for him was Desirable, who cost 10,000 Irish punts
in those days," Hills said.