Currency Commission of the Irish Free State

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The Currency Commission of the Irish Free State was the authority responsible for establishing and managing the independent currency and monetary system of the Irish Free State in the early 20th century.

All labels observed (1)

Label Occurrences
Currency Commission of the Irish Free State canonical 2

How this entity was disambiguated

Statements (40)

Predicate Object
instanceOf government agency
monetary authority
appliesToJurisdiction Irish Free State
country Irish Free State
currencyManaged Irish Free State pound
Irish Free State pound
surface form: Saorstát pound
dissolutionReason replacement by a full central bank structure
dissolved 1943
exchangeRateRegime one-to-one parity with pound sterling
governedBy board of commissioners
hasRole currency board
headquartersLocation Dublin NERFINISHED
historicalSignificance first independent currency authority of the Irish state
inception 1927
languageOfOfficialName English
Irish
legalBasis Currency Act 1927
mainResponsibility establishment of an independent Irish currency
issue of Irish legal tender notes
management of the Irish Free State monetary system
regulation of note issue
monitored cover of note issue by sterling assets
natureOfAuthority non‑banking currency authority
operatedAs currency board linked to sterling area
operatedDuring 1930s
World War II
surface form: World War II (early years)
partOf financial system of the Irish Free State
peggedToCurrency Pound sterling
precededBy note‑issuing powers of commercial banks under British administration
purpose to provide monetary independence while maintaining sterling link
regulates issue of legal tender in the Irish Free State
replacedBy Central Bank of Ireland
responsibleFor design and issue of Irish Free State banknotes
management of external reserves backing the currency
sector monetary policy
public finance
succeededBy central banking functions of the Central Bank of Ireland
supervisedBy Minister for Finance of the Irish Free State
timePeriod interwar period
typeOfOrganization statutory commission

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Irish Free State pound introducedBy Currency Commission of the Irish Free State
Irish Free State pound banknotesIssuedBy Currency Commission of the Irish Free State