The appreciation in the exchange rate has been a headwind for the tradables sector and, by reducing already weak tradables inflation, made it more difficult to reach the Bank’s inflation goals. A lower New Zealand dollar is needed to increase tradables inflation and help deliver more balanced growth. 3.
After that date the banks will accept Irish banknotes and coin for a period and, of course, the Central Bank will honour Irish banknotes and coin indefinitely. The intention is to withdraw Irish st currency as quickly as possible after 1 January and retailers will be encouraged not to issue Irish currency in change.