A unit of currency used in the Republic of Ireland until 2002. The punt was introduced in 1928 and was pegged to the British pound sterling. In 1979, the peg was removed and the punt, now called the Irish pound, floated against the British pound. The punt was replace by the Euro in 2002.
|||One punt equaled 240 pence until 1969, when it was adjusted to equal 100 pence . The euro was introduced on January 1, 2002, at which point Ireland adopted a dual currency with a fixed exchange rate. The Irish punt ceased to be legal tender on February 9, 2002.
