Over €350m worth of punts have still not been exchanged

It may be almost 15 years since the punt was removed from circulation as legal tender, but more than €350m worth of coins and notes is still outstanding.

The Department of Finance has confirmed that as of the end of last year, over €227m worth of notes and almost €124m worth of coins was still outstanding, according to Central Bank figures provided by Finance Minister Michael Noonan in response to a parliamentary question from Fianna Fáil’s Michael McGrath.

The Irish punt banknotes and coins lost legal tender status on February 9, 2002.