John Paul Phelan (Carlow-Kilkenny, Fine Gael)
Link to this: Individually | In context

Question 92: To ask the Minister for Finance the amount of currency in circulation in Ireland in 1990, 1995, 2000, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010 and 2011; the location from whence the money came in the years that show a significant increase; the level of Government borrowing during years with a currency increase; the person who authorised the decrease of currency in circulation in recent years and the reason for same; and if he will make a statement on the matter. [10302/12]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

The information requested by the Deputy is set out in the tables that follow this reply. The Deputy will note that there has been no decrease in the net issuance of currency over the period shown. The tables show Irish banknote and coin circulation for end-1990, 1995 and 2000 and euro banknote and coin net issuance for 2003 to 2011. As the euro circulates freely throughout the euro system, it is not possible to give a euro circulation figure for any one eurozone country. Net issuance is the difference between the cumulative total value of banknotes and coin issued by the Central Bank of Ireland and the cumulative total value of banknotes and coin returned to the Central Bank of Ireland since the introduction of the euro. The European Central Bank is responsible for the strategic planning and co-ordination of the production and issuance of euro banknotes. Euro banknotes are put into circulation by eurozone National Central Banks according to demand. Coins are issued by the Central Bank of Ireland, according to demand.

IR£

Euro