Send Money To Ireland

About The Euro Currency

The euro was introduced to world financial markets as an accounting currency on 1 January 1999. Physical euro coins and banknotes entered into circulation on 1 January 2002. By March 2002, the euro had completely replaced the old currencies.

Nowadays, the euro is the second-largest and second-most traded currency in the foreign exchange market after the US dollar. It’s the official currency of 19 of the 27 member states of the European Union, and it’s used by around 343 million eurozone citizens.

Fun fact: Inspiration for the € symbol came from the Greek epsilon (Є) – a reference to the cradle of European civilisation. It’s also the first letter of the word Europe, crossed by two parallel lines to represent the stability of the euro.

Euro Denominations

Notes: €500, €200, €100, €50, €20, €10, €5 Coins: €2, €1, 50c, 20c, 10c, 5c, 2c, 1c

About Ireland

Population: 4.9 million Capital city: Dublin Popular tourist locations: Cork, Galway, Limerick, Kerry, Kilkenny

Also known as the Republic of Ireland, Ireland is a country in north-western Europe occupying 26 of 32 counties of the island of Ireland. Dublin is the capital and largest city, located on the eastern side of the island. Around a third of the country's population lives in the greater Dublin area. Ireland shares its only land border with Northern Ireland, which is part of the United Kingdom.

Ireland created a 10% low-tax "special economic zone", called the International Financial Services Centre, in 1987. It’s transformed the country’s economy, attracting US multinationals from high-tech, life sciences, and financial services industries who want to enjoy Ireland’s unique corporate tax system. The country’s also popular with tourists, thanks to its beautiful nature throughout the island.

If you live in Ireland and own a home there, you’ll need to pay property tax. This includes various fees to the Irish Tax and Customs Revenue Agency on residential and non-residential property, as well as land. You might also need to pay property taxes even if you’re a non-resident in Ireland, depending on the type and condition of the property you own. Don’t forget that you’ll pay stamp duty when buying property, too.

5 Interesting Facts About Ireland

• The Irish consume an average of 131.1 litres of beer per year
• The ancestral language of Irish people is Irish Gaelic
• Guinness was once the largest brewery in the world
• It’s estimated that over 80 million people of Irish descent live outside Ireland
• Ireland has won the Eurovision Song Contest seven times