Editing Decimal Day (section)

==Republic of Ireland==
{{See also|Irish pound#Pre-decimal system}}
[[File:Cash_register_(8058279685)_(2).jpg|thumb|upright=1.5|Cash register in Ireland; the keys have values in "new pence" above and pre-decimal equivalents below.]]

When the old [[£sd]] system (consisting of pounds, shillings, and pence) was in operation, the United Kingdom and Ireland operated within the [[sterling area]], effectively a single monetary area. The [[Irish pound]] was created as a separate currency in 1927 with distinct coins and notes, but the terms of the Currency Act 1927 obliged the Irish currency commissioners to redeem Irish pounds on a fixed 1:1 basis, and so day-to-day banking operations continued exactly as they had been before the creation of the Irish pound.<ref>{{Cite ISB|year=1927|num=32 |title=Currency Act 1927 |date=20 August 1927 |access-date=2 January 2023 |parl=ifs |archive-date=2 January 2023 |archive-url=https://web.archive.org/web/20230102152216/https://www.irishstatutebook.ie/eli/1927/act/32/enacted/en/html |url-status=live }}</ref> The Irish pound was decimalised on 15 February 1971, the same date as the British pound.<ref>{{Cite ISB|year=1970|num=21 |title=Decimal Currency Act 1970 |section=1 |stitle=Interpretation |date=23 December 1970 |access-date=12 June 2023 }}</ref>

This arrangement continued until 1979 when Irish obligations to the [[European Monetary System]] led to Ireland breaking the historic link with sterling.<ref>{{Cite web|title=From the £ (pound sterling) to the Punt (IRP) and to the € |url=http://www.gymmuenchenstein.ch/stalder/tables%20and%20charts/wke12/punteuro.htm |archive-url=https://web.archive.org/web/20120211084342/http://www.gymmuenchenstein.ch/stalder/tables%20and%20charts/wke12/punteuro.htm |archive-date=11 February 2012 |url-status=dead}}</ref>

In Ireland, all pre-decimal [[Irish coinage|coins]], except the [[Shilling (Irish coin)|1 ''s.'']], [[Florin (Irish coin)|2 ''s.'']] and [[Irish ten shilling coin|10 ''s.'']] coins, were called in during the initial process between 1969 and 1972; the [[Irish ten shilling coin|ten shilling coin]], which, as recently issued and in any event equivalent to 50p, was permitted to remain outstanding (though due to [[silver]] content, the coin did not circulate widely). The 1 ''s.'' and 2 ''s.'' were recalled in 1993 and 1994, respectively. Pre-decimal Irish coins may still be redeemed at their face value equivalent in [[euro]]s at the [[Central Bank of Ireland|Central Bank]] in Dublin.

Pre-decimal Irish coins were denoted with ''s'' for shillings and ''d'' for pence, abbreviations derived from the Latin ''[[solidi]]'' and ''[[denarii]]'', in contrast to stamps, which instead bore [[Irish language|Irish-language]] abbreviations (''scilling'' ("shilling", abbreviated "''s''") and ''pingin'' ("penny", abbreviated "''p''")). After decimalisation, coins were marked with the Irish-language abbreviations. While British stamps switched from 'd' to 'p', [[Irish stamps]] (unlike the coins) printed the number with no accompanying letter; so a stamp worth 2 new pence was marked '2p' in the UK and simply '2' in Ireland.<!--This statement is not cited in the "Definitive postage stamps of Ireland" article. Remove this reference to a blacklisted source. It was flagged as black-listed when I fixed the previous kludge. <ref>{{Cite web |url=https://www.stamps-for-sale.com/ireland-eire-decimal-postage-stamps-1970---1980-420-c.asp |title=Irish Decimal Postage Stamps Isuued 1970 - 1980|website=Stamps for Sale.com}}</ref>-->

The following is a table showing conversions between the Irish decimal and pre-decimal systems. It was similar to the British one, except for the higher-value coins.

{| class="wikitable"
!colspan = 2 | Pre-decimal !! rowspan=2 | Decimal
|-
!Coin name !! Amount<br/>(shillings/pence)
|-
| Farthing || {{sfrac|1|4}}d. ||  0.104p
|-
| Halfpenny || {{sfrac|1|2}}d. ||  0.208p
|-
| Penny || 1''d.'' ||  0.417p
|-
| Threepence || 3''d.'' || {{sfrac|1|1|4}}p
|-
| Sixpence || 6''d.'' || {{sfrac|2|1|2}}p
|-
| Shilling || 1/- || 5p
|-
| Florin  || 2/- || 10p
|-
| Half crown || 2/6  || {{sfrac|12|1|2}}p
|-
| Ten shillings ||10/- || 50p
|}

Ireland's new decimal coinage had face values of [[Halfpenny (Irish decimal coin)|{{sfrac|1|2}}p]], [[Penny (Irish decimal coin)|1p]], [[Two pence (Irish coin)|2p]], [[Five pence (Irish coin)|5p]], [[Ten pence (Irish coin)|10p]] and [[Fifty pence (Irish coin)|50p]].

The old [[Shilling (Irish coin)|shilling coin]] continued to circulate with a value of 5 new pence, and the old [[Florin (Irish coin)|florin]] with a value of 10 new pence.<ref>{{Cite web|url=https://legalblog.ie/notes-coins/|title=Notes & Coins – Irish Legal Blog|website=legalblog.ie}}</ref> Unlike in the UK, where the sixpence continued to circulate at a value of {{sfrac|2|1|2}}p, the [[Irish sixpence]] was withdrawn from circulation after decimalisation. The [[Series A banknotes|ten-shilling note]] was withdrawn from circulation, but the other [[Series A banknotes]] continued in use.<ref>{{Cite web|url=https://www.irishpapermoney.com/a-series-lady-lavery-Irish-10-shilling-notes.html|title=Irish 10 Shillings, Lady Lavery Ten Shilling Note|website=irishpapermoney.com}}</ref>
===Subsequent changes===

A [[Twenty pence (Irish coin)|twenty-pence coin]] was introduced in 1986.<ref>{{Cite web|url=https://www.irishstatutebook.ie/eli/1986/si/32/made/en/print|title=electronic Irish Statute Book (eISB)|first=electronic Irish Statute|last=Book (eISB)|website=irishstatutebook.ie}}</ref> The [[Halfpenny (Irish decimal coin)|decimal halfpenny]] ({{sfrac|1|2}}p) remained in circulation until 1987, when its value had been greatly reduced by [[inflation]]. Very few were produced after the initial minting.<ref>{{Cite web|url=https://oldcurrencyexchange.com/2015/04/04/coin-guide-irish-decimal-halfpenny/|title=O'Brien Coin Guide: Irish Decimal Halfpenny|date=4 April 2015}}</ref>

In 1990, [[One pound (Irish coin)|the pound coin]] was introduced,<ref>{{Cite web|url=https://en.numista.com/catalogue/pieces1402.html|title=1 Punt / 1 Pound, Ireland|website=en.numista.com}}</ref> and in 1992 the [[Five pence (Irish coin)|5p]] and [[Ten pence (Irish coin)|10p]] coins were reduced in size. The old shilling and florin coins ceased to be [[legal tender]] at the same time.<ref>{{Cite web|url=https://oldcurrencyexchange.com/2014/08/21/rare-coins-the-1992-irish-10p/|title=O'Brien Rare Coin Review: Why is the 1992 Irish 10p coin so valuable?|date=21 August 2014}}</ref>

The Irish pound coins were withdrawn from circulation in 2002, to be replaced by the [[euro]].<ref>{{Cite web|url=https://www.centralbank.ie/consumer-hub/notes-and-coins/historical-banknotes|title=Old Irish Banknotes |publisher=Central Bank of Ireland}}</ref>