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5 Pounds

Issuer Currency Commission Ireland
Year 1940-1942
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Value 5 Pounds (5 Puint)
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Obverse lettering Currency Commission Ireland Coimisiún Airgid Reatha Éire Legal Tender Note Nóta Dlí-Thairgthe Five Pounds Sterling Payable to Bearer on Demand in London Tá Cúig Puint Sterling Iníoctha as an Nóta so le n-a Shealbhóir ar n-a Éilamh san do i Lundain
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Signature(s) Joseph Brennan and J.J. McElligott
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Comments

The Currency Commission Ireland was replaced by the Central Bank of Ireland under the Central Bank Act of 1942, which is why this series has such a compressed issue window — notes bearing the Commission's name were still being produced right up to the institutional handover. Waterlow & Sons had held the Irish printing contract since the original Consolidated Banknote series launched in 1928, a relationship built partly on the practical need to produce secure currency outside the jurisdiction of British clearing banks during a politically sensitive period.

Brennan as Currency Commissioner was the architect of the 1927 Currency Act that pegged the Irish pound at parity with sterling — a policy he defended long after many economists had turned against it.

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