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Savings and Investments
- An Post savings and investment products will
remain denominated in Irish pounds until the end of 2001
- On 1 January 2002, all accounts and investments
will be automatically converted to euro, free of charge. The equivalent
Irish pound value of key monetary amounts on investment documents,
valuations and statements will be displayed until 31 March 2002
- Original Savings Bonds and Savings Certificate
documents DO NOT need to be changed following the introduction of
the euro
- Post Office Savings Bank deposit books will
be converted to euro on the first transaction of 2002. Simply present
your existing book as normal and the Post Office clerk performing
the first transaction of 2002 will initiate the conversion of your
book to euro.
Information
For more information, visit the An Post website: www.anpost.ie
CREDIT UNIONS
- All accounts will, by 1 January 2002, be
converted to euro at the conversion rate, free of charge
- From 1 January 2002, all services will be
in euro. Credit unions will accept payment in Irish notes and coins
up to 9 February 2002, but change will be given only in euro
- From 1 January 2002, credit union ATMs will
begin to dispense euro notes. Initially, they will mainly dispense
€10 and €20 notes
- Credit unions will, where feasible, exchange,
for members, household amounts of Irish notes and coins for euro free
of charge during the dual circulation period and for a time afterwards.
A "household amount" means an amount up to an overall total of £500
per member
- Credit unions will accept lodgements of Irish
notes and coins from members during the dual circulation period and
for a time afterwards.
Information
Individual credit unions will provide their members with specific information
about their plans to convert to the euro.
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