Last year we issued 236 million, which represents 60 additional coins for every person in the country. Overall, the entry into EMU has had a profound impact on organisation and work practices in the Central Bank of Ireland. The euro is now the currency of the State.
The Irish pound is now a denomination of the euro and it is no longer traded on the foreign exchange market. There is constant daily interaction with the European Central Bank. Our personnel serve on a wide range of European Central Bank committees.