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Irish Pound

cashbackforexbtc Pound (Irish East forex cashback original symbol: £. Ir. st Eastforexcashbackard symbol: IEP) Irish Pound Irelands own currency Irish Pound Introduction The Irish Pound is the legal tender of the Republic of Ireland, issued by the Central Bank of Ireland The Irish Pound, six years after gaining independence from British rule, on August 20, 1927, the Irish have their own proud circulation The Irish pound, however, forexcashbackcalculator pegged to the British pound until 1979, when it joined the European Monetary System and became directly convertible with other currencies. The earliest coins in Ireland were introduced in the 10th century AD, following a major invasion by Anglo-Norman forces under King Henry II of the Chrysanthemum Dynasty, and were widely circulated in the 12th century. The Irish pound, which was worth slightly less than the British pound (15 Irish pence for 12 pence), remained fixed against the British pound between 1689 and 1797, with an exchange cashback forex of 13 Irish pence for 12 pence. Under the provisions of the 1801 Act of Union, Ireland was annexed to the British dynasty in 1826, and the Irish pound disappeared, replaced by coins and banknotes of the Kingdom of Great Britain.  Ireland gained independence in 1922, but it was not until the Currency Act of 1927 that the Irish pound, a unit of currency tentatively called the saosta (Gaelic for free state), was created. The Irish pound contained 2.48828 grams of gold, equivalent to the British pound, and the official exchange rate against the U.S. dollar was 1 Irish pound equal to $2.80. On November 18, 1967, the British pound was devalued by 14.3%, and the Irish pound was devalued by the same amount, and the gold content was changed to 2.13281 grams, and the official exchange rate against the U.S. dollar was reduced to 1 Irish pound equal to $2.40. On February 15, 1971, the Central Bank of Ireland Abolished the old 1 Irish pound equal to 20 shillings (Shilling), 1 shilling equal to 12 pence (Pence) monetary progression system, replaced by 1 Irish pound equal to 100 new pence new monetary progression system August 15 of the same year, the dollar stopped freely convertible gold, the Irish pound exchange rate is still pegged to the pound, its gold content remains unchanged, while the exchange rate against the dollar is adjusted with the same rate as the pound December 20 of the same year May 1, 1972, Ireland, together with the member states of the European Community, limited the fluctuation of its mutual currency exchange rate to 2.25% on June 23 of the same year, the Irish pound also floated with the British pound after the introduction of a floating exchange rate February 14, 1973, after the devaluation of the dollar The value of the Irish pound remained unchanged, but the exchange rate against the U.S. dollar was adjusted to 1 Irish pound equals 2.895 U.S. dollars March 13, 1979, the European Monetary System was formally established, Ireland joined the system, its currency fluctuations against the currencies of other member states were limited to 2.25% each up and down March 30 of the same year, Ireland left the sterling area, the Irish pound exchange rate is no longer pegged to the pound Irish pound In January 1993, the Irish pound was devalued by 10% and became a hard currency, and on March 14, 1998, it increased in value by 3%. In early 1998, Ireland was selected as one of the countries to participate in the first phase of the European Monetary Union (EMU). 0.787564 euro Irish pound can not be directly in Chinas domestic banks Irish pound denomination and conversion Name of coins: newpence The bills in circulation are: 5, 10, 20, 50 pounds denomination Minted coins are: 0.5, 1, 2, 5, 10, 20, 50 newpence minted 1IEP = 100newpence (new pence)