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looked under the matress lately?

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  • 21-07-2010 3:27pm
    #1
    Mylesie
    Closed Accounts Posts: 74 ✭✭


    Ireland’s Central Bank has said that according to its latest figures there is now a staggering quarter of a billion Euro’s worth of old currency “missing” in various nooks, crannies, and mattresses around the country.
    Officially there is now a whopping $300 million worth of punts unaccounted for which can be redeemed at the Central Bank in Dublin.
    At the end of 2002, when the punt stopped being legal tender, there was just $80 million of the old currency redeemed, with $360 million outstanding; in 2009 just $4 million was cashed in for the pan-European Euro currency, and many more coins remained to be chased in.
    The conversion rate between the currencies has been fixed at €1 equating to IR£0.787564.


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    #2
    jpb1974
    Registered Users Posts: 3,017 ✭✭✭jpb1974


    Officially there is now a whopping $300 million worth of punts unaccounted for

    Comes as no surprise... I'm sure a fair whack could be found under Bertie Ahern's matress especially when you consider he says he had no bank account when he was Minster for Finance ;)


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    #3
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Moved to Banking & Insurance & Pensions

    dudara


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    #4
    the_syco
    Registered Users Posts: 37,299 ✭✭✭✭the_syco


    No surprise. Many old people still prefer their cupboard to a bank, as their cupboard is nearer. Banks are often far away, and old habits are hard to break.


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