Ploughman series

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PS1 Ploughman note distributed by the Bank of Ireland in 1932 BOI ploughman note 1 pound 1932.jpg
£1 Ploughman note distributed by the Bank of Ireland in 1932

The Ploughman series was a series of Irish banknotes issued by the Currency Commission of Ireland as a transitional measure for eight Irish banks: Bank of Ireland, Hibernian Bank, Munster & Leinster Bank, National Bank, Northern Bank, Provincial Bank of Ireland, Royal Bank of Ireland and Ulster Bank. They were initially issued between 6 May and 10 June 1929 as part of an arrangement to get the banks to withdraw their previous individual banknote issues. As part of the arrangement the banks would refrain from issuing their own notes in future. The commission instead issued their collective notes. [1]

The notes were referred to as the ploughman series because they an image of a ploughman ploughing a field with a horse-drawn plough.

The notes, which were denominated in notes for £1, £5, £10, £20, £50 and £100, used as the back images a collection of images of Ireland, in order the Custom House, Dublin, St. Patrick's Bridge, Cork, Currency Commission Building, Foster Place, Dublin, the Rock of Cashel, Croagh Patrick, and Killiney Bay, County Dublin. [2]

The last issue was in 1941. The notes were finally withdrawn on 31 December 1953.

See also

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The Irish Free State, subsequently known as Ireland, resolved in the mid-1920s to design its own coins and banknotes. Upon issuing the new currency, the Free State government pegged its value to the pound sterling. The Currency Act, 1927 was passed as a basis for creating banknotes and the "Saorstát pound" as the "standard unit of value." The legal tender notes issued under this act began circulating on 10 September 1928.

The Series B Banknotes of Ireland replaced the Series A Banknotes. The banknotes were issued between 1976 and 1992 by the Central Bank of Ireland, the series was replaced in 1993 by Series C Banknotes.

The Series A Banknotes were introduced by the Irish Free State in 1928 and were the first banknotes created by and for the state; the series continued to be issued when the Free State became Ireland. The notes served from 1928 to 1977 and were replaced by Series B notes.

The Currency Commission, was created by the Currency Act, 1927 as part of the policy of the Irish Free State to create the 'Saorstát pound'. The Currency Commission commissioned the Series A Banknotes, through the advice of an advisory commission. It also issued the Ploughman series of banknotes for Irish banks, which were legal tender until 1953.

The banknotes of the Australian dollar were first issued by the Reserve Bank of Australia on 14 February 1966, when Australia changed to decimal currency and replaced the pound with the dollar. This currency was a lot easier for calculating cost rather than the British pound, shilling and pence system.

Banknotes have been issued by the Bank of Ireland for circulation in Northern Ireland since 1922.

Bank of Ireland £5 note

The Bank of Ireland £5 note is a banknote of the pound sterling. It is the smallest denomination of banknote issued by the Bank of Ireland.

The Bank of Ireland £10 note is a banknote of the pound sterling. It is the second smallest denomination of banknote issued by the Bank of Ireland.

The Bank of Ireland £20 note is a banknote of the pound sterling. It is the third largest of five denominations of banknote issued by the Bank of Ireland.

The Bank of Ireland £50 note is a banknote of the pound sterling. It is the second largest denomination of banknote issued by the Bank of Ireland.

The Bank of Ireland £100 note is a banknote of the pound sterling. It is the largest denomination of banknote issued by the Bank of Ireland.

References

  1. "Currency Commission Consolidated Banknotes • Ploughman notes". www.irishpapermoney.com. Retrieved 2020-04-05.
  2. "Currency Commission Consolidated Banknotes • Ploughman notes Links". www.irishpapermoney.com. Retrieved 2020-04-05.