Saturday 23 September 2017

Check behind your couch - €350m in old money lying around homes

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Catherine Devine

Catherine Devine

Over €350m in old coins and notes are lying around Irish homes and are yet to be cashed in for valuable returns.

According to the Central Bank, €226.79m in Irish banknotes and €123.67m in Irish bank coins are still in existence in Irish homes.

The old currency is continuing to be cashed in as at the end of 2016 there were €227.13 million notes and €123.74 million in coins.

Across the eurozone area, almost €15bn in outdated banknotes have gone unclaimed in countries such as Germany, France, Spain, Italy, and the Netherlands.

However, some of the €15bn is now worthless as 12 national central banks have stopped taking in old currency.

Irish people are in luck, as the Central Bank is continuing to allow people to exchange punts for euros.

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