Statement - Response to Dun Laoghaire Rathdown County Council Draft Development Plan for 2022 - 2028

29 April 2021 Press Release

Central Bank of Ireland

Dun Laoghaire Rathdown County Council has published a Draft Development Plan for 2022 - 2028. As part of this plan DLRCC is proposing to rezone land in the Currency Centre in Sandyford from Residential to Economic.

John Spain Associates has made a submission on behalf of the Central Bank of Ireland to retain the current Residential status. This submission is available to the public via the DLRCC website: Submission.

The Central Bank is currently undertaking a Strategic Review of its operations and facilities in the Currency Centre with a view to improving efficiency and effectiveness. This review has been notified to the DLRCC so that they can take it into account in any zoning plans.

The Central Bank is committed to maintaining cash as a form of payment and in this regard the Review is based on the future needs of the National Cash Cycle. Over the past number of years, operational activity in the Currency Centre has been impacted, by a reduction in demand for cash, consolidation and rationalisation within the national cash supply chain, and the cessation of banknote printing in 2019.