Currency Commission (Ireland)
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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 In 1942 the Currency Commission was superseded by the Central Bank of Ireland.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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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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Saorstát Pound
The pound (Irish language, Irish: ) was the currency of the Republic of Ireland until 2002. Its ISO 4217 code was IEP, and the Currency symbol, symbol was £ (or IR£ for distinction). The Irish pound was replaced by the euro on 1 January 1999. Euro currency did not begin circulation until the beginning of 2002. First pound The earliest Irish coinage was introduced in the late 10th century, with an £sd system of one pound divided into twenty shillings, each of twelve silver penny, silver pence. Parity with pound sterling, sterling was established by John, King of England, King John around 1210, so that Irish silver could move freely into the English economy and help to finance his wars in France. However, from 1460, Irish coins were minted with a different silver content than those of England, so that the values of the two currencies diverged. During the Williamite War of 1689–1691, James II of England, King James II, no longer reigning in England and Scotland, issued an em ...
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Joseph Brennan (civil Servant)
Joseph Brennan (18 November 1887 – 19 March 1976) was an Irish economist and senior Irish civil servant who served as the Governor of the Central Bank of Ireland from 1943 to 1953. Brennan was born in Cork in 1887, but was a native of Bandon, County Cork. In 1909, he entered Christ Church, Cambridge, where he studied Mathematics and then switched to classics. In successive years he obtained a first in Latin and Greek. In 1911, he entered the Civil Service and was assigned to the Board of Customs and Excise and a year later transferred to the finance division of the Chief Secretary's office in Dublin Castle. During the July 1921 Truce, he was introduced to Michael Collins and later became a financial advisor to the team negotiating the Anglo-Irish Treaty. In April 1922, he became the Irish Free State's first Comptroller and Auditor General and in April of the following year he was appointed Secretary of the Department of Finance, a post he held until his retirement from th ...
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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 democracy, is broadly within the tradition of liberal democracy. It guarantees certain fundamental rights, along with a popularly elected non-executive President of Ireland, president, a Bicameralism, bicameral parliament, a separation of powers and judicial review. It is the second constitution of the Irish state since independence, replacing the 1922 Constitution of the Irish Free State. It came into force on 29 December 1937 following a Irish constitutional plebiscite, 1937, statewide plebiscite held on 1 July 1937. The Constitution may be amended solely by a national referendum. It is the longest continually operating republican constitution within the European Union. Background The Constitution of Ireland replaced the Constitution of the I ...
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Currencies Of The Republic Of Ireland
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ...
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Government In The Irish Free State
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ...
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