Status
Euro-area member since 1 January 1999.
Fixed conversion rate
€1 = 0.787564 IEP
Adoption of the euro
The euro banknotes and coins were introduced in Ireland on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as 'book money'. The dual circulation period – when both the Irish pound and the euro had legal tender status – ended on 9 February 2002.
Exchange of former national currency
The Central Bank of Ireland continues to exchange Irish pound banknotes and coins for an unlimited period.