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 t

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