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Others likely
Belfast Banking Company (Founded 1827): 25 Shillings. Others likely. National Bank of Ireland (Founded 1835): 30 Shillings, £1, £3, £5, £10, £20, £50, £100. Northern Banking Company (Founded 1824): £1, 25 Shillings, 30 Shillings. Others likely. Provincial Bank of Ireland (Founded 1825): £1, 25 Shillings, 30 Shillings, £2, £3, £4, £5, £10, £20, £50, £100. Ulster Banking Company (Founded 1836): £1, 25 Shillings, 30 Shillings, 35 Shillings, £3, £5, £10, £20, £50, £100.
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The
Agricultural and Commercial Bank of Ireland failed in 1840. After 1845 fractional denominations were prohibited, and the denominations issued by the banks settled on the following up to 1920: Bank of Ireland: £1, £3, £5, £10, £20, £50, £100, £500. Belfast Banking Company: : £1, £5, £10, £20,
338:
lead to an increase in the usage of banknotes in
Ireland, and the notes of many of the private banks became payable in Bank of Ireland notes, which was stated on each banknote often worded as ‘National Bank Paper’. The Bank of Ireland also began to issue small notes pound and guinea denominations in
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Currency notes first appeared in
Ireland the late 1600s when merchants began to issue paper notes for purchases which they promised to redeem at a later stage. These notes began to change hands prior to redemption, becoming the first paper to circulate as currency notes in Ireland. Some of these
373:
By 1836, six banks were issuing notes in
Ireland. The following denominations are known for each bank up to 1844: Agricultural and Commercial Bank of Ireland (Founded 1834): £1, 35 Shillings, £3, £5, £10. Bank of Ireland (Founded 1783): 30 Shillings, £1, £3, £5, £10, £20, £50, £100, £200, £500.
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From 1824 banking regulation in
Ireland was changed to allow for the formation of joint stock banks with branch networks. This resulted in the foundation of several large joint stock banks which started to issue banknotes in Ireland. The notes of these banks quickly replaced those of the Irish
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Private banks were small partnerships, and were limited to 6 partners or less by an act of 1756. Some of the private banks were very successful and their banknotes were reliable instruments. However, because of their nature as small organisations, many of the private banks failed, with their
377:
In addition, the Bank of
Ireland issued notes denominated in One Guinea and One Guinea and a Half up until around 1819, as evidenced by images of surviving examples, the latest known of which is dated 4 Jan 1819. An early proof One Guinea note is known for Northern Banking Company, ca1824.
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merchants went on to become bankers and issued paper currency in the form of banknotes and post bills as a service. These became the Irish private banks which issued the banknotes in use throughout
Ireland for over 100 years. The most famous of these is the House of La Touche.
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Irish private banks issued a wide variety of denominations in guineas, pence, shillings, and pounds. Their notes tended to correspond to coin denominations, and are known to range up to £100. Many banks issued only small notes, those with a face value below £5.
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banknotes becoming worth a fraction of their face value. The weakness of the paper currency in
Ireland lead to pressure for the creation of a ‘National Bank’ to provide a stable currency. Eventually, the Bank of Ireland was created to fill this need.
382:£50, £100. National Bank of Ireland: £1, £3, £5, £10, £20, £50, £100. Northern Banking Company: £1, £5, £10, £20, £50, £100. Provincial Bank of Ireland: £1, £3, £5, £10, £20, £50, £100. Ulster Banking Company: £1, £5, £10, £20, £50, £100.
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was the first joint stock bank to produce notes intended for use throughout
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The highest denomination banknote that has been recorded for an Irish bank is a £500 note issued by the Bank of Ireland dated in 1869.
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Standard Catalog of World Paper Money, General Issues 1368-1960, Tracy L. Schmidt, Editor, (16th Ed.), Krause Pub. (2016).
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and later Irish banknotes were issued denominated in sterling. Banks issuing notes during this period were the
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A 5 Pound note issued by the private banking firm of Gibbons & Williams in Dublin, Ireland (1833).
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286:"Introduction to Irish Paper Money Issues ca1670-2001. The Structure of Banknote Issues in Ireland"
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Barrow, G. L. (1975). The Emergence of the Irish Banking System 1820-1845, Gill & Macmillan.
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for several centuries, both when the whole of Ireland was one legal entity, and following
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did not have any direct impact on currency; however, the Currency Act of 1927 gave the
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Mac Devitt, M (1999) Irish Banknotes. Irish Government Papermoney from 1928 (1st ed.)
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Today, four banks retain the right to issue banknotes in Northern Ireland, based at
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800:. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications.
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First Trust or AIB as they are now known will cease their banknote issue in 2022.
151:. Currently, various commercial banks in Northern Ireland locally issue notes (or
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Mac Devitt, M (1999) Irish Banknotes. Irish Papermoney 1783–2005 (3rd ed.)
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Hall, F.G., 'The Bank of Ireland 1783-1946', Hodges Figgis, Dublin, 1949.
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In 1929, six banks began issuing sterling notes for circulation in
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Blake, R., Callaway, J. (2009). Paper Money of Ireland, (1st Ed.)
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the sole authority to print and circulate legal tender in the
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took over this role, until the introduction of the euro.
663:"Introduction to Irish Paper Money Issues ca1670 - 2001"
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48:. Unsourced material may be challenged and removed.
592:"Bank of Ireland 1783-1928 All-Ireland banknotes"
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