Written answers

Wednesday, 13 May 2015

Department of Finance

Central Bank of Ireland Expenditure

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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70. To ask the Minister for Finance the cost of printing each note of each denomination of euro notes, that is, the cost of printing the €5, €10 note and so on. [18773/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As per the recently published Central Bank Annual Report 2014, the Central Bank outlines that in 2014 a total of 326 million banknotes were supplied by the Central Bank to the market, comprising 57 per cent new and 43 per cent re-issued banknotes. This was a 6 per cent reduction on the 345 million banknotes issued in 2013.

Under the ECB pooled production arrangements, the Central Bank was allocated the production of 163 million €5 banknotes in 2014. Other denominations of banknotes are received from other National Central Banks and issued by the Central Bank as required.

The Central Bank have advised that the information requested by the Deputy in relation to the cost of printing each note of each denomination is not currently available.  However, this information is being collated and will be issued to the Deputy in due course.

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