Exchanging Irish banknotes and coin
Following the publication of the Irish Pound Notes and Coins (Cessation of Legal Tender Status) Order 2001 (S.I. No. 313 of 2001), legal tender status was withdrawn from Irish pound banknotes and coins with effect from midnight on 9th February 2002. However, old Irish banknotes and coin can be exchanged for euro at the Central Bank of Ireland ("the Bank”) either by post or in person.
Further information on exchanging Irish banknotes and coin can be found on our Irish Banknotes and Irish Coin pages. Please note that the Central Bank does not offer a foreign exchange service.
Exchanging mutilated Euro banknotes and coin
The Central Bank of Ireland will exchange or reimburse for lodgements of mutilated/damaged euro banknotes/coins in line with:
- DECISION OF THE EUROPEAN CENTRAL BANK of 19 April 2013 on the denominations, specifications, reproduction, exchange and withdrawal of euro banknotes (recast) (ECB/2013/10) (2013/211/EU) (link); and
- Regulation (EU) No 1210/2010 of the European Parliament and of the Council of 15 December 2010 concerning authentication of euro coins and handling of euro coins unfit for circulation (link).
Further information on exchanging mutilated Euro banknotes and coin can be found on our Damaged Euro Banknotes and Damaged Euro Coin pages.
Introduction of Drop Box Facility for Banknote Exchanges
From Monday 19 September 2016, Currency Issue Division is introducing a drop box facility in Dame St to enable the exchange of mutilated banknotes and coin, and Irish pounds and coin. Clear instructions will be available at the drop box location, and Tellers will be available for a transition period to assist staff and customers. All reimbursements of mutilated or Irish currency will be made to the applicant’s bank account. Value will no longer be given over the counter.
If you have mutilated or Irish currency to exchange, this is your checklist for using the drop box facility:
- Photocopy of your photo ID
- Full bank account details including the BIC and IBAN
For any inquiries on this service, please call +353 (0)1 2198600, or email email@example.com.
Verification of Banknotes and Coin
Please note that all lodgements of Irish pounds or mutilated euros to the Bank are subject to the successful completion of the Bank’s verification/authentication of the banknotes/coin in question (and also any other checks that may be necessary as set out below) prior to reimbursement for value in euro.
All lodgments must be accompanied with of one of the following documents containing photographic identification:
- Valid Passport
- Valid Driving Licence
- Such other original valid document that the Bank may, at its sole discretion, accept, having reasonable grounds to believe it can be relied upon to confirm the identity of the lodging party including documents from a government source
Where the Bank knows or has sufficient reason to believe that a criminal offence has been committed it shall refuse to exchange Irish pounds or mutilated euro and shall withhold such banknotes/coin, against acknowledgement of receipt, as evidence to be presented to the competent authorities to initiate or to support an ongoing criminal investigation.
At the end of such investigation, unless the competent authorities decide otherwise, these banknotes/coin shall qualify for exchange.
When ink-stained, contaminated or impregnated banknotes are presented, a written explanation as to the kind of stain, contamination or impregnation shall be provided by the applicant.
The Central Bank of Ireland reserves the right to forward details, including copies of photographic ID received, of all lodgements and attempted lodgements to An Garda Síochána and/or the Revenue Commissioners where the Bank knows or has sufficient reason to believe that a criminal offence has been or is being committed.