Banknotes Of The Republic Of Ireland
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Banknotes Of The Republic Of Ireland
The Irish Free State, subsequently known as Ireland, resolved in the mid-1920s to design its own coins and banknotes. Upon issuing the new currency, the Free State government pegged its value to the pound sterling. ThCurrency Act, 1927was passed as a basis for creating banknotes and the "Saorstát pound" (later the "Irish pound") as the " standard unit of value." The legal tender notes issued under this act began circulating on 10 September 1928. Background When the Irish Free State came into existence in 1922, three categories of banknote were in circulation. These consisted of notes issued by the Bank of England, the British Treasury, and six Irish banks that were chartered to issue notes. Only British Treasury notes were legal tender within the state. The issuing of banknotes by multiple private institutions was an everyday aspect of banking in Great Britain and Ireland at the time and remains so in Northern Ireland and Scotland. A banking commission was created in 1926, t ...
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Irish Free State
The Irish Free State ( ga, Saorstát Éireann, , ; 6 December 192229 December 1937) was a state established in December 1922 under the Anglo-Irish Treaty of December 1921. The treaty ended the three-year Irish War of Independence between the forces of the Irish Republic – the Irish Republican Army (IRA) – and British Crown forces. The Free State was established as a dominion of the British Empire. It comprised 26 of the 32 counties of Ireland. Northern Ireland, which was made up of the remaining six counties, exercised its right under the Treaty to opt out of the new state. The Free State government consisted of the Governor-General – the representative of the king – and the Executive Council (cabinet), which replaced both the revolutionary Dáil Government and the Provisional Government set up under the Treaty. W. T. Cosgrave, who had led both of these administrations since August 1922, became the first President of the Executive Council (prime minister). The ...
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Federal Reserve Board
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States and confirmed by the Senate for staggered 14-year terms.See Statutory description By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country". As stipulated in the Banking Act of 1935, the Chair and Vice Chair of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting governors of the Federal Reserve Banks. The terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the preside ...
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National Gallery Of Ireland
The National Gallery of Ireland ( ga, Gailearaí Náisiúnta na hÉireann) houses the national collection of Irish and European art. It is located in the centre of Dublin with one entrance on Merrion Square, beside Leinster House, and another on Clare Street. It was founded in 1854 and opened its doors ten years later. The gallery has an extensive, representative collection of Irish paintings and is also notable for its Italian Baroque and Dutch masters painting. The current director is Caroline Campbell. History In 1853 an exhibition, the Great Industrial Exhibition, was held on the lawns of Leinster House in Dublin. Among the most popular exhibits was a substantial display of works of art organised and underwritten by the railway magnate William Dargan. The enthusiasm of the visiting crowds demonstrated a public for art, and it was decided to establish a permanent public art collection as a lasting monument of gratitude to Dargan. The moving spirit behind the proposal was th ...
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John Lavery
Sir John Lavery (20 March 1856 – 10 January 1941) was a Northern Irish painter best known for his portraits and wartime depictions. Life and career John Lavery was born in inner North Belfast, baptised at St Patrick's Church, Belfast and, while still a child, moved to Scotland where he attended Haldane Academy in Glasgow in the 1870s. In 1878 he set up his own studio which was razed in a fire in the following year. With a £300 insurance pay-out he spent a year studying at Heatherley's School in London. Lavery continued his studies at the Académie Julian in Paris in the early 1880s. He returned to Glasgow and was associated with the Glasgow School. William Burrell, a wealthy shipowner, was a faithful patron of Scottish artists including Joseph Crawhall II, with whom Lavery studied. In 1888 he was commissioned to paint the state visit of Queen Victoria to the Glasgow International Exhibition. This launched his career as a society painter and he moved to London soon aft ...
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Lady Lavery
Hazel Lavery, Lady Lavery (née Martyn; 1880–1935) was a painter and the second wife of portrait artist Sir John Lavery. Her likeness appeared on banknotes of Ireland for much of the 20th century.Sinead McCoole, ''Hazel: A Life of Lady Lavery, 1880–1935'' (2nd ed.) Lilliput Press, 1996. Early life Born in Chicago on 14 March 1880, Hazel Martyn was the daughter of Edward Jenner Martyn, a wealthy industrialist of Irish descent. A contemporary account refers to young Hazel Martyn as "The Most Beautiful Girl in the Midwest". Hazel had one sister, Dorothea Hope "Dorothy" Martyn (1887–1911), who was an aspiring playwright. Suffering from anorexia nervosa, Dorothy died in 1911 aged 23, and it is her death that spurred Hazel to leave America. Personal life In 1903, she married Edward Livingston Trudeau Jr, son of Edward Livingston Trudeau, a physician who advanced the treatment of tuberculosis. Trudeau died five months later. They had one daughter, Alice, born 10 October 1904 ...
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De La Rue
De La Rue plc (, ) is a British company headquartered in Basingstoke, England, that designs and produces banknotes, secure polymer substrate and banknote security features (including security holograms, security threads and security printed products) for central banks and currency issuing authorities. It is listed on the London Stock Exchange. History The company was founded by Thomas de la Rue, who moved from Guernsey to London in 1821 and set up in business as a 'Leghorn' straw hat maker, then as a stationer and printer. In 1831 he secured his business a Royal Warrant to produce playing cards. In 1855 it started printing postage stamps and in 1860 banknotes. The company's first banknotes were made for Mauritius. In 1896, the family partnership was converted into a private company. In 1921, the de la Rue family sold their interests. The company was first listed on the London Stock Exchange in 1947. Then called ''Thomas De La Rue & Company, Limited'', it changed its nam ...
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Waterlow And Sons
Waterlow and Sons Limited was a major worldwide engraver of currency, postage stamps, stocks and bond certificates based in London, Watford and Dunstable in England. The company was founded as a family business in 1810. It was acquired in 1961 by De La Rue. Early history Waterlow and Sons originated from the business of James Waterlow, who began producing lithographic copies of legal documents at Birchin Lane in London in 1810. The company gradually grew; it began printing stamps in 1852, and Waterlow's sons Alfred, Walter, Sydney and Albert joined the business. James Waterlow died in 1876, and the company became a limited-liability company. In 1877, due to a family dispute, the company split, and Alfred and his sons formed Waterlow Bros. & Layton. The two companies later reunited in 1920. In 1924, the company printed 1, 5 and 10  toman banknotes that bore the watermark of Lion and Sun for the first time. Portuguese banknote crisis Waterlow's, under the leader ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ...
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Central Bank Of Ireland
The Central Bank of Ireland ( ga, Banc Ceannais na hÉireann) is Ireland's central bank, and as such part of the European System of Central Banks (ESCB). It is the country's financial services regulator for most categories of financial firms. It 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 Central Bank of Ireland was founded on 1 February 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. Its head office, the Central Bank of Ireland building, was located on Dame Street, Dublin from 1979 until 2017. Its offices at Iveagh Court and College Green also closed down at the same time. Since March 2017, its headquarters are located on North Wall Quay, where the pu ...
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Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ...
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Currency Commission (Ireland)
The Currency Commission (''Coimisiún Airgid Reatha''), was created by thas part of the policy of the Irish Free State to create the 'Saorstát pound'. The Currency Commission commissioned the Series A Banknotes, through the advice of an advisory commission. It also issued the ''Ploughman series'' of banknotes for Irish banks, which were legal tender until 1953. The Chairman of the Currency Commission was Joseph Brennan. On the adoption of the Constitution of Ireland The Constitution of Ireland ( ga, Bunreacht na hÉireann, ) is the constitution, fundamental law of Republic of Ireland, Ireland. It asserts the national sovereignty of the Irish people. The constitution, based on a system of representative democra ... in 1937 the ''Currency Commission of the Irish Free State'' became the ''Currency Commission of Ireland''. In 1942 the Currency Commission was superseded by the Central Bank of Ireland. References Tranductor Currencies of the Republic of Ireland Government in t ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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