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Cash savvy members of the public exchange €1.3m worth of old Irish punts

There is still over a quarter of a billion euro worth of punts lying about in drawers and jars across Ireland.

MEMBERS OF THE public redeemed close to €1.3 million worth of “old money” last year.

Irish punt banknotes and coins were withdrawn at midnight on 9 February 2002. However, it’s still possible for Irish banknotes and coins to be exchanged for euro at the Central Bank.

While €1.3 million worth of banknotes were exchanged in 2016, over €194,000 worth of old Irish coins were exchanged for euro.

This is the lowest exchange amount made in the last six years. In 2015, the public redeemed €1.35 million in notes, and over €213,000 in coins.

In 2014, close to €1.5 million in banknotes and €283,150 was swapped.

Despite the fact that it has not been legal tender for almost 15 years, there is still over a quarter of a billion euro worth of punts lying about in drawers and jars across Ireland.

The Central Bank states that as of 31 December 2016, there is still €227,125,638.68 of old banknotes missing. There is €123,741,177.34 in old coins unaccounted for.

So, what do you do if you find some old tender?

The Central Bank has provided an exchange facility for those who wish to change Irish banknotes and coins into euro since the introduction of the new currency in January 2002. The organisation said at the time that the service would continue “indefinitely”.

If you happen to find some old coins or notes down the sofa you can bring them to the Central Bank of Ireland in Dublin either by post or by use of a drop-box facility.

The bank will exchange up to IR£3,000 per transaction.

Once received by the Central Bank’s Currency Issue Division, the notes/coin will be verified and the euro equivalent reimbursed to the customer by way of electronic transfer to the customer’s nominated bank account.

So, get searching.

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    Mute Ken Maycock
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    Feb 12th 2018, 7:49 AM

    Or to look at another way…. Enjoy a few hours of no weather warnings, there’s something positive!! Happy Monday everyone!

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    Mute Jay Orange
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    Feb 12th 2018, 9:03 AM

    @Ken Maycock: wha wha wha, a news site is reporting the weather. Shocking stuff.

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    Mute Martin Ryan
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    Feb 12th 2018, 7:50 AM

    Travelled dublin to limerick this morning take it handy folks roads are in poor condition.

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    Mute Dorothy Kavanagh
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    Feb 12th 2018, 7:54 AM

    I hate icy morning underfoot. I’m always frightened that I’ll fall and hurt my back. I hope it doesn’t last.

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    Mute Kieran Campbell
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    Feb 12th 2018, 7:50 AM

    That Micra in your photo really is in a bad way…. Thankfully January has past and hopefully it’s free to commute safely.

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    Mute Alan Scott
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    Feb 12th 2018, 8:07 AM

    @Kieran Campbell: Are you worried about its paint job? It’s only a bit of frost it will melt away. I am more worried about the idiot drivers who don’t have a clue how to drive on icy roads making it hard for everyone else.

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    Mute brendan H
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    Feb 12th 2018, 11:18 AM

    @Alan Scott: All season or cross climate tyres should be made mandatory in this country with the mix of weather we have, and not summer tyres that all cars have.

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    Mute Alan Scott
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    Feb 12th 2018, 11:30 AM

    @brendan H: The most important factor on driving keep you eyes on the road and slow down I have seen time after time drivers to close to the car in front summer or winter tyres not going to make much of a difference with this practice in any road conditions

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    Mute Kerrie Roche
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    Feb 13th 2018, 2:10 AM

    @Alan Scott: keep your eyes on the road and your hand apon the wheel!

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    Mute Jon Snow
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    Feb 12th 2018, 11:24 AM

    Winter is coming

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    Mute OCallaghan TP
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    Feb 12th 2018, 9:34 AM

    Oh get over it.. and learn to slow down

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    Mute ForeverFeel1ng
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    Feb 12th 2018, 12:06 PM

    Irish Rail have combined loads of services with no announcements at all. Passengers from 6:40, 7:25 and 7:40am services out of Limerick all delayed and amalgamated onto one Train this morning. Never seen a more crowded morning service.

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