Written answers

Tuesday, 16 January 2018

Department of Finance

Commemorative Coins

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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222. To ask the Minister for Finance if it is only the Central Bank that produces coins officially recognised by the State to mark historic events; if his or the Central Bank's attention has been drawn to private companies implying that they are selling officially sanctioned commemorative coins; and if he will make a statement on the matter. [1087/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank of Ireland acts as agent for the Minister for Finance in issuing all legal Irish coin, both circulating coins and commemorative coins. The Central Bank is the sole body with the statutory authority to issue coin as legal tender in Ireland. The Central Bank is aware that there are private companies within the market that offer coin-like objects and medals for sale and has expressed its concern to some of these companies about how they represent some of their products. I am informed by the Central Bank that it intends to contact both the Advertising Standards Authority for Ireland and the Competition and Consumer Protection Commission in relation to the concerns it holds.

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