Irish hoarding of coins poses euro problem

The image of the Irish hoarding their untaxed earnings under the mattress may be apocryphal, but a study published on Monday estimated that as much as I£30m (38.1m euro) in coins may be kept in jam jars, glass bottles, biscuit tins even in shoe boxes.

"We've always suspected money was being hoarded in jam jars and now we have the scientific evidence," says Hugh O'Donnell, the central bank's chief spokesman. The amount of hoarded money is the equivalent of two years worth of coins issued by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: