Kevin Humphreys (Dublin South East, Labour)
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Question 37: To ask the Minister for Finance the losses the Central Bank of Ireland has made on the exchange of punts to euro since 2002 taking in to account the original provision of €60 million in 2002 for future transactions; and the total exchange of punt notes and coins respectively since that provision was made; and if he will make a statement on the matter. [30099/12]

Michael Noonan (Limerick City, Fine Gael)
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I refer the Deputy to the reply I provided yesterday to his question on the policy of exchanging Irish pound banknotes and coin for euro since the Irish pound ceased to be legal tender on 9 February 2002. That reply sets out the background to the policy and how the redemption of Irish pound banknotes and coin has been accounted for by the Central Bank. With regard to the total value of Irish pound banknotes and coin redeemed to date, I am informed by the Central Bank that Irish pound banknotes to the value of €485.4 million and Irish pound coin to the value of €89.4 million was redeemed between 9 February 2002 and 31 May 2012. Of the Irish pound banknotes, notes to the value of €65.4 million were redeemed between the end of 2002 and 31 May 2012.