Menu
16/05/2012
Co Monaghan Shopkeepers Now Accepting Punts
Shopkeepers in the border town of Clones, Co Monaghan are offering to trade in the near obsolete punt to try and turn the clock back on the recession and euro currency crisis.
Even though the old notes and coins of the Republic are no longer legal tender, 42 businesses are willing to accept them as payment and exchange them in the Central Bank.
Tony Morgan, who runs the Liptons store, has championed the ‘Embrace the Punt’ campaign for the last two months.
Having already taken in about IR£1,000, Mr Morgan thinks it will be a long term plan: "It's going to be running for us for five years I'd say - I think it's long-term."
The idea came from his son Ciaran who saw reports on the Spanish fishing village of Mugardos where 60 local stores had reintroduced the peseta.
The Central Bank said at the end of 2010 there were €238 million in Irish banknotes outstanding and €125.5 million worth of coins outstanding.
The exchange rate being offered in Clones matches the value of the euro when it was introduced in 2002 - €1.27 to the punt, although coinage is only being taken on an even money basis.
(H)
Even though the old notes and coins of the Republic are no longer legal tender, 42 businesses are willing to accept them as payment and exchange them in the Central Bank.
Tony Morgan, who runs the Liptons store, has championed the ‘Embrace the Punt’ campaign for the last two months.
Having already taken in about IR£1,000, Mr Morgan thinks it will be a long term plan: "It's going to be running for us for five years I'd say - I think it's long-term."
The idea came from his son Ciaran who saw reports on the Spanish fishing village of Mugardos where 60 local stores had reintroduced the peseta.
The Central Bank said at the end of 2010 there were €238 million in Irish banknotes outstanding and €125.5 million worth of coins outstanding.
The exchange rate being offered in Clones matches the value of the euro when it was introduced in 2002 - €1.27 to the punt, although coinage is only being taken on an even money basis.
(H)
Related Irish News Stories
Click here for the latest headlines.
13 August 2018
Ticketmaster Announces New Fan-To-Fan Ticket Exchange System
Ticketmaster has announced it will close the Seatwave ticket selling website, to be replaced with a new fan-to-fan ticket exchange system, where tickets can only be bought for the cost price or less.
Ticketmaster Announces New Fan-To-Fan Ticket Exchange System
Ticketmaster has announced it will close the Seatwave ticket selling website, to be replaced with a new fan-to-fan ticket exchange system, where tickets can only be bought for the cost price or less.
03 November 2011
National Drugs And Alcohol Strategy In Focus
The misuse of drugs is firmly in the spotlight today with Róisín Shortall, Minister of State with responsibility for Drugs Strategy, speaking at the opening of the National Drugs Conference of Ireland under the theme 'Drug Interventions: What Works?' She said: "It is very important that the initiatives we take to address problem drug use are effect
National Drugs And Alcohol Strategy In Focus
The misuse of drugs is firmly in the spotlight today with Róisín Shortall, Minister of State with responsibility for Drugs Strategy, speaking at the opening of the National Drugs Conference of Ireland under the theme 'Drug Interventions: What Works?' She said: "It is very important that the initiatives we take to address problem drug use are effect
31 August 2007
Call For Nationwide Needle Exchange Programme
A drugs charity has called on the government to introduce needle exchange programmes across the country, as a report revealed an increase in the number of intravenous drug users it was treating.
Call For Nationwide Needle Exchange Programme
A drugs charity has called on the government to introduce needle exchange programmes across the country, as a report revealed an increase in the number of intravenous drug users it was treating.
24 March 2009
Nationwide Director Snubs €360K Capped Job
A Nationwide board member has snubbed a €360,000 per year job that had its salary capped by the Government. Danny Kitchen was due to take over as the Chief Executive of the building society but turned the job down after the salary was capped at over a third of a million euro per annum.
Nationwide Director Snubs €360K Capped Job
A Nationwide board member has snubbed a €360,000 per year job that had its salary capped by the Government. Danny Kitchen was due to take over as the Chief Executive of the building society but turned the job down after the salary was capped at over a third of a million euro per annum.
22 March 2012
Mahon Tribunal Reveals Corruption
A report into the Republic's planning process has found that Bertie Ahern is guilty of not properly recording financial transactions, however he will not be charged with corruption. It is understood that the Mahon tribunal found that Mr Ahern failed to truthfully account for a total of 165,214.
Mahon Tribunal Reveals Corruption
A report into the Republic's planning process has found that Bertie Ahern is guilty of not properly recording financial transactions, however he will not be charged with corruption. It is understood that the Mahon tribunal found that Mr Ahern failed to truthfully account for a total of 165,214.
-
Ireland WeatherToday:Storm Bert will move east through the Northern Isles today. Though weakening it will still bring strong to gale winds to many in Northern Ireland and showers to all, these frequent, occasionally heavy across northern districts. Maximum temperature 10 °C.Tonight:Strong west to northwest winds easing overnight. Showers, most frequent during the evening and in north but dwindling overnight to leave most dry and bright come dawn. Minimum temperature 1 °C.
