Written answers
Tuesday, 6 October 2015
Department of Finance
Central Bank of Ireland Transactions
Brendan Griffin (Kerry South, Fine Gael)
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266. To ask the Minister for Finance a breakdown of the amount in punts that the Central Bank of Ireland converted to euro in each year since 2002; the number of transactions involved; if the Central Bank of Ireland requires identification from persons seeking to convert punts; if it retains information about those using the service; and if he will make a statement on the matter. [34414/15]
Michael Noonan (Limerick City, Fine Gael)
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A breakdown of the amount in punts that the Central Bank of Ireland converted to euro since 2002, per year, in total, and by denomination, is given in the following table.
The number of transactions per year since 2002 is not available as in the past the transactions were amalgamated into bulk figures on a daily basis for accounting purposes. However, the average number of lodgements for the last few years is 1300 per year. For low value transactions (less than IR£100) EUR cash is exchanged for IR£ cash. Transactions over IR£100 are not exchanged for cash but are paid out by Electronic Fund Transfer (EFT).
All lodgments/exchanges must be accompanied by documents containing photographic identification. A list of individual transactions including amount, payment date and name of payee is retained in accordance with Data Protection & Retention policies.
Value of IEP Returned since 2002
| - | 10/- | £1 | £5 | £10 | £20 | £50 | £100 | Total |
|---|---|---|---|---|---|---|---|---|
| Returned 2002 | 311.50 | 319,707.00 | 73,542,610.00 | 177,743,240.00 | 1,452,227,960.00 | 1,385,566,800.00 | 95,313,700.00 | 3,184,714,328.50 |
| Returned 2003 | 581.50 | 59,104.00 | 932,395.00 | 1,815,210.00 | 9,715,460.00 | 6,147,950.00 | 1,142,500.00 | 19,813,200.50 |
| Returned 2004 | 250.00 | 27,796.00 | 392,675.00 | 828,700.00 | 4,724,880.00 | 2,469,750.00 | 229,000.00 | 8,673,051.00 |
| Returned 2005 | 300.00 | 18,986.00 | 244,685.00 | 506,800.00 | 3,047,340.00 | 1,312,200.00 | 137,900.00 | 5,268,211.00 |
| Returned 2006 | 327.00 | 17,661.00 | 195,660.00 | 457,820.00 | 2,380,560.00 | 1,153,200.00 | 112,700.00 | 4,317,928.00 |
| Returned 2007 | 271.00 | 14,447.00 | 150,225.00 | 345,320.00 | 1,935,260.00 | 859,350.00 | 107,400.00 | 3,412,273.00 |
| Returned 2008 | 344.00 | 13,749.00 | 121,005.00 | 256,510.00 | 1,480,600.00 | 636,150.00 | 64,600.00 | 2,572,958.00 |
| Returned 2009 | 695.50 | 23,560.00 | 146,620.00 | 282,780.00 | 1,345,000.00 | 619,200.00 | 83,700.00 | 2,501,555.50 |
| Returned 2010 | 264.50 | 11,690.00 | 102,940.00 | 249,520.00 | 1,240,880.00 | 560,700.00 | 70,100.00 | 2,236,094.50 |
| Returned 2011 | 194.00 | 10,542.00 | 82,110.00 | 188,930.00 | 1,077,560.00 | 461,100.00 | 50,600.00 | 1,871,036.00 |
| Returned 2012 | 263.50 | 12,491.00 | 78,260.00 | 196,220.00 | 1,207,000.00 | 400,600.00 | 56,700.00 | 1,951,534.50 |
| Returned 2013 | 361.00 | 11,568.00 | 69,525.00 | 134,550.00 | 707,400.00 | 314,350.00 | 42,700.00 | 1,280,454.00 |
| Returned 2014 | 155.50 | 7,881.00 | 54,540.00 | 127,660.00 | 643,200.00 | 289,750.00 | 34,400.00 | 1,157,586.50 |
| Returned 2015 to 30 Sep | 123.00 | 8,724.00 | 41,195.00 | 84,960.00 | 503,280.00 | 205,000.00 | 29,400.00 | 872,682.00 |
| Total IEP Value | 4,442.00 | 557,906.00 | 76,154,445.00 | 183,218,220.00 | 1,482,236,380.00 | 1,400,996,100.00 | 97,475,400.00 | 3,240,642,893.00 |
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