In seven of the eleven realignments in the first decade of the EMS, the Irish pound
was devalued against the deutsche mark.
Then, with the dual pricing, they'll be able to buy what they want without any worries about what the Irish pound
is worth against the euro, or vice-versa.
Now layers are indicating that when the Irish pound
ceases to be legal tender from mid-February, they will accept the euro.
For a short period, until the Irish pound
ceases to be legal tender on February 10, the two currencies will run concurrently as the nation-alongside the majority of Europe, excluding Britain-gets used to the new set of notes and coins.
59) Ordinary Shares Outstanding 16,665,626 16,665,626 7,449,961 (a) The summary financial information above is expressed in US Dollars, solely for convenience, at the US Dollar rate of exchange against the Irish pound
at December 31, 2000 of IR(pound)1 = US$1.
double-'A'-minus/Stable/'A-1'-plus) will acquire the minority shareholdings in IIB and Irish Life Finance Group (ILFG; a retail lending subsidiary of IIB) from Irish Life & Permanent PLC for a consideration of Irish pound
(punt) (IrUK) 125 million (about $169 million at IrUK0.
10) Weighted Average Ordinary Shares Outstanding 14,094,674 14,094,674 7,449,961 (1) The summary financial information above is expressed in US Dollars, solely for convenience, at the US Dollar rate of exchange against the Irish pound
at March 31, 2000 of IR(pound)1 = US$1.
The dual Cheltenham Gold Cup-winning trainer had his eye on a Be My Native three-year-old sent up from Tom Curran's County Galway Moyode House Stud and, buoyed up by the strength of sterling against the Irish pound
, he had no difficulty in seeing off allcomers to buy the gelding for Irpounds 48,000.
49) Weighted Average Ordinary Shares Outstanding 14,101,901 14,101,901 7,449,961 HIBERNIA FOODS PLC AND SUBSIDIARIES Summary Consolidated Balance Sheets as of June 30, 2000(1) 2000 1999 US$000s IR(pound)000s IR(pound)000s Total Current Assets 39,377 32,575 27,275 Total Fixed Assets 45,795 37,885 32,251 Total Intangible & Other Assets 5,984 4,950 8,931 Total Assets 91,156 75,410 68,457 Total Current Liabilities 61,378 50,776 24,683 Other Liabilities 10,264 8,491 39,266 Total Liabilities 71,642 59,267 63,949 Net Assets 19,514 16,143 4,508 (1) The summary financial information above is expressed in US Dollars, solely for convenience, at the US Dollar rate of exchange against the Irish pound
at June 30, 2000 of IR(pound)1 = US$1.
A year ago Goffs dropped guineas in favour of the Irish pound
, a loss in tradition balanced by a gain in accounting simplicity.
After more than 70 years, today marks the beginning of the end for the Irish pound
, which will become totally obsolete by February 9.
5 per cent) and purchaser (6 per cent), and bombarding us with propaganda on the value of the Irish pound
against sterling at present.