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20 Pounds

Issuer Central Bank of Ireland
Year 1943-1944
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Printer Waterlow & Sons Limited, United Kingdom (1810-1961)
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Reverse description The reverse is printed in deep red on a pale ground and centres on an intaglio vignette of a bearded river-god — the allegorical spirit of the River Boyne — enclosed within a cartouche of fine lathe-work. Denomination numerals '20' appear to either side of the central vignette, flanked by elaborate guilloche rosettes and an outer border of Celtic-inspired knotwork and shamrock ornaments at the corners.
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Protection description Watermark visible when held to light
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Comments

Ireland's wartime currency situation was complicated by the country's neutrality and its continuing peg to sterling — the Irish pound remained at exact parity with the British pound throughout the Emergency, as the war years were officially called. That parity made high-denomination notes like this one largely instruments of banking and commercial settlement rather than everyday exchange; the average Irish wage in 1943 made a twenty-pound note an extraordinary sum.

Waterlow & Sons printed the series from London throughout the war years despite the obvious logistical friction of supplying a neutral state from a city under periodic air attack. The P#5D designation places this within the long-running Ploughman series, which the Central Bank had inherited from its predecessor and continued issuing with minimal modification well into the 1940s.

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