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Republic of Ireland (Euro)
Ireland officially uses the Euro as the local currency having introduced Euro notes and coins at the beginning of 2002 having given up the punt. The Euro is divided into 100 cents. (Northern Ireland is part of the UK and uses Sterling although it issues its own notes.)
Currency regime
The Euro floats against the other major currencies with the European Central Bank (ECB) targeting inflation rather than the exchange rate, although intervention will be considered in exceptional circumstances.
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