A new currency for the Irish Free State
In creating a new Irish currency after independence in 1922, the intention was to produce something distinctively Irish for the Irish Free State which would be non-political or sectarian. Thus, both the banknotes and the the coinage of the Irish Free State
reflected this in their designs. The right to issue coinage
, currency and postage stamps
was an important means for the new state to express its identity. As well as taking over the extant extant British postal system
and issuing new stamps in place of overprinting those already in use
, the state also sought to limit and control the pre-existing rights of the commercial banks to issue banknotes through the Consolidated note issue.
The new Irish Free State stamps