The Central Bank of Ireland (Irish: Banc Ceannais na hÉireann) is the financial services regulator of Ireland and historically the central bank. The bank was the issuer of Irish pound banknotes and coinage until the introduction of the euro currency, and now provides this service for the European Central Bank.
The bank was founded in 1943 and since 1 January 1972 has been the banker of the Government of Ireland in accordance with the Central Bank Act 1971, which can be seen in legislative terms as completing the long transition from a currency board to a fully functional central bank.
The bank's head office is located on Dame Street, Dublin, where the public may exchange non-current Irish coinage and currency (both pre- and post-decimalization) for euro. This building attracted a lot of criticism, when built in 1980, both for its height and original roofline (in contravention of the planning permission) and for its brash appearance. The Currency Centre at Sandyford is the currency manufacture, warehouse and distribution site of the bank.
Read more about Central Bank Of Ireland: Functions and Objectives, History, Criticism, List of Governors of The Bank
Famous quotes containing the words central, bank and/or ireland:
“For us necessity is not as of old an image without us, with whom we can do warfare; it is a magic web woven through and through us, like that magnetic system of which modern science speaks, penetrating us with a network subtler than our subtlest nerves, yet bearing in it the central forces of the world.”
—Walter Pater (1839–1894)
“O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.”
—George Gordon Noel Byron (1788–1824)
“There is no topic ... more soporific and generally boring than the topic of Ireland as Ireland, as a nation.”
—Ezra Pound (1885–1972)