Exchange Old or Damaged Money

Notice I The exchange of banknotes and coins is currently suspended

Due to the Covid-19 outbreak and in keeping with public health guidelines, visitor access to our public office has been restricted. As a result, the Central Bank has suspended the exchange of banknotes and coins until further notice.

Did you know that you can apply to the Central Bank to exchange your old or damaged money?

If your application is successful, we will reimburse you by transferring funds into a bank account of your choice. We cannot reimburse you in cash.

You can exchange:

  • IR£ pounds: Old or damaged Irish banknotes and coins
  • € euro: Damaged euro banknotes and coins

You cannot exchange:

How to apply

Apply in-person at the Central Bank’s public office. Follow the steps below to prepare your application.

In some cases, you may be able to apply to exchange damaged euro banknotes via your bank branch. Contact your bank to ask about this option.

Step 1. Prepare your notes and coins

IR£ pounds: Old or damaged banknotes and coins

You can exchange old IR£ pound banknotes and coins into euro.

The exchange rate is IR£1 = €1.269738.

You can also exchange damaged old Irish IR£ pounds. Examples of damaged banknotes include those that are partially burnt, cut or decomposed. As a general rule, we will reimburse you if you have more than half a damaged bank note.

Read how to prepare and package your money below, including some special conditions.

€ euro: Damaged banknotes and coins

You can exchange damaged euro banknotes and coins for replacement funds. This includes notes or coins that are partially burnt, cut or decomposed.

As a general rule we will reimburse you if you have more than half of a damaged genuine euro banknote.

Read how to prepare and package your money below, including some special conditions.

Step 2. Download and complete the application form(s)

There are separate forms for € euro and IR£ pound banknotes and coins.

€ euro

Exchange damaged € euro banknotes | pdf 894 KB Exchange damaged € euro coins | pdf 890 KB

IR£ pounds

Exchange old or damaged IR£ banknotes | pdf 831 KB Exchange old or damaged IR£ coins | pdf 897 KB

Step 3. Prepare supporting documents (if needed)

You must include proof of your identity if the expected value of exchange is worth over €100

For a personal application worth over €100

Include a high-quality photocopy of an official identity document with your application. This may include your:

  • Passport
  • Driver’s licence

The photocopy must clearly show your full name and photograph. In some cases we may contact you for proof of address.

For a business application worth over €100

Include the following information with your application:

  • CRO (Companies Registration Office) number
  • High-quality photocopy of a redacted bank statement for the company bank account included on your application form

Step 4. Check other application conditions

You may also have to meet other conditions to apply for an exchange. This includes if your notes or coins:

  • Are contaminated, e.g. with blood or chemicals
  • Need extra testing
  • Need special handling
  • Weigh over 10KG (a maximum limit of 10KG applies to coin lodgements).

Read the full application conditions below.

Step 5. Submit your application

Note: Due to the COVID-19 outbreak and in keeping with public health guidelines, we have suspended all applications for the exchange of banknotes and coins until further notice.

Step 6. After you apply

When we receive your application, we will check that you have included the:

  1. Completed application form(s)
  2. Money to be exchanged, i.e. notes and/or coins
  3. Supporting documents (if required)

We will also check other conditions where relevant, e.g. weight, contamination, etc.

We will then process your application. This may involve sending the notes or coins for testing.

Full reimbursement

If your application is successful we will lodge full replacement funds into your chosen bank account, usually within 20 working days.

Partial reimbursement

If your application can only be partially reimbursed, we will send you a letter to inform you of our decision and explain your options. In summary, these are to:

  • Accept the partial reimbursement: To do so, reply to our letter and we will lodge the partial funds into your chosen bank account.
  • Reject the partial reimbursement: In this case, reply to our letter and ask us to return the full application to you without processing.
  • Appeal our decision: The process for appealing a decision will be explained in our letter.

Read more conditions for partial reimbursement below.

If your application is refused

If your application does not meet all the application conditions and has been refused, we will send you a letter to inform you of our decision and explain the reasons why. For example, this may happen if you submit less than half of a euro banknote for exchange.

In some cases, you can appeal our decision. The process for appealing a decision will be explained in our letter.

Read the conditions for refusal below.

Regulations and Conditions

€ Euro and IR£ Pound

€ Euro Only

Contact and help

If you have any queries about this service, please contact us.