asked the Minister for Finance the average period for which legal tender notes are left in general circulation.
Ceisteanna—Questions. Oral Answers. - Legal Tender Notes in Circulation.
6.
Mr. Ryan
Estimates based on experience in the calendar year 1962 indicate that the average periods for which legal tender notes remain in circulation, that is between the time they are issued by the Central Bank and redeemed by the Central Bank, are as follows:
|
10s. |
5½ months |
|
£1 |
7¼ ,, |
|
£5 |
15 ,, |
|
£10 |
30 ,, |
|
£20 |
37 ,, |
|
£50 |
31 ,, |
|
£100 |
29¼ ,, |