News & Blog

Are Punts on their way back..?

Posted on Wed, 16 May 2012 by Phil Mussell - Coin News, Banknote News

Numismatists (and indeed ordinary shoppers) in Ireland may well be bemoaning their country's entry into the Euro and doom mongers are even contemplating what will happen if Greece and maybe other countries decide to opt out - well shopkeepers in Clones, County Monaghan are preempting the problem by heading back to the punt in droves. Apparently their are 300million Euros worth of old Irish coins and notes still floating around in Ireland and whilst they are no longer legal tender the Central Bank will still change them up. This being the case 40 shops in Clones have started taking the "old money" again as this BBC Report shows.

Do they know something that maybe we don't?