Pricewatch: Some €350 million punts remain unaccounted for 21 years after the euro’s introduction but the Central Bank’s money rescuers are standing by to convert your old money
And there is a lot of that old money still out there. In fact just under €350 million punts remain unaccounted for 21 years after the introduction of the euro with potential windfalls on the table of anyone who can find the cash and have it cleared by the Central Bank.
As to where the money is, again it is hard to say but we can look at where it has been found in times past. Cash has shown up in skips, buried in gardens and only uncovered when those gardens are dug up for extensions, under mattresses, in attics, behind wallpaper and in items of clothing donated to charity.
“During the exchange process, we verify the validity of the old pound and its authenticity. There is currently no time limit on the exchange service, so anybody who would like to exchange old Irish pounds, or have damaged euro notes or coins, can submit them at any stage. They can be exchanged via registered post, or by booking an appointment in the Central Bank’s public office in North Wall Quay.
“We’ve had people who have bought an old property that’s been derelict for a number of years and there’s money in a tin in the attic. People have stored that money and it’s been forgotten about.” Pence interjects to make it clear that all exchanges are subject to anti-money laundering operations as well.
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