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The Irish Free State, subsequently known as Ireland, resolved in the mid-1920s to design its own coins and banknotes; at the time of the currency's first issue, the Free State government decided to peg its value to the pound sterling. The (Currency Act, 1927 ) was passed as a basis for the creation of banknotes and the creation of the "Saorstát pound" (later the "Irish pound") as the "standard unit of value" and the legal tender notes issued under this act commenced circulation on 10 September 1928. ==Background== When the Irish Free State came into existence in 1922, three categories of banknote were in circulation. These consisted of notes issued by the Bank of England, the British Treasury and six Irish banks then in existence who were chartered to issue notes. Only British Treasury notes had legal tender status within the state. The issuing of banknotes by multiple private institutions was an everyday aspect of banking in Great Britain and Ireland at the time and indeed remains so in Northern Ireland and Scotland today. A banking commission was created in 1926, the ''Commission of Inquiry into Banking and the Issue of Notes'',〔(【引用サイトリンク】url=http://historical-debates.oireachtas.ie/S/0155/S.0155.199805140007.html )〕 to determine what changes were necessary in relation to banking and banknote issue in the new state. The commission was chaired by Professor Henry Parker Willis〔(【引用サイトリンク】title=Dáil Éireann - Volume 20 - 01 July 1927 CURRENCY BILL, 1927—SECOND STAGE )〕 of Columbia University who was Director of Research of the Federal Reserve Board in the United States. The commission was given a terms of reference: :''"To consider and to report to the Minister for Finance what changes, if any, in the law relative to banking and note issue are necessary or desirable, regard being had to the altered circumstances arising from the establishment of Saorstát Éireann."'' The commissions report of January 1927 recommended the creation of a currency for the state, but one that would be directly backed and fixed to the pound sterling in the United Kingdom on a one-for-one basis.〔 This new currency, the "Saorstát pound", was overseen by the politically independent Currency Commission created by the Currency Act, 1927. As a result of the backing by the pound sterling the notes of the Commission could be presented at the London Agency of the Currency Commission, London and exchanged with the pound sterling, without charge or commission, on a one-for-one basis. A second banking commission was created in November 1934, the ''Commission of Inquiry into Banking, Currency and Credit'', to inquire into the creation of a central bank among other things. The majority report of August 1938 recommended for the creation of a central bank with enhanced powers and functions. This resulted in the creation of the Central Bank of Ireland, but it would take three decades before the bank would have all the rights and functions associated with a central bank. As the usual convention for banknote issue banknotes are and were issued in the name of the Currency Commission or Central Bank as existed at the time of print. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Banknotes of the Republic of Ireland」の詳細全文を読む スポンサード リンク
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