Central Banking

Punt passes away quietly

IRELAND - The Irish pound ceased to be legal tender from midnight on Saturday as Ireland became the second country within the eurozone - after the Netherlands - to ditch its old notes and coins.

The dual currency period of euros and the pound has now ended, although banks will continue to swap old notes for new.

Inside the high security complex of the Central Bank of Ireland's Currency Centre south of Dublin, the shredding machines have been busy.

Millions of notes are being placed on conveyor