Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

Joint Oireachtas Committee on Social Protection

Safe Deposit Boxes and Related Deposits Bill 2022: Discussion

Mr. Pat Leahy:

It is an interesting question. I have never come across the pre-decimalisation currency, but I imagine that in the case of an old Irish pound, it is probably the same. If you are talking about coins, it is probably the same conversion rate. It is something we would have to ask the bank. The issue has never arisen, as far as I am aware. People will have probably held onto those coins and notes that are pre-decimalisation under the assumption that they may have some value. We will have to ask the bank about what its approach would be to pre-1971 currency.

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