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Part 2: Euro Currency

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This part deals with the regulation of euro currency in Ireland. The Central Bank has specific powers and functions under this part.

Key Provisions

• The Central Bank must take all necessary measures to prevent counterfeiting, forgery, theft, or destruction of euro coins or banknotes.
• The Central Bank is responsible for maintaining a system for verifying the authenticity of euro coins and banknotes.
• The Central Bank may require any person who issues or distributes euro coins or banknotes to provide information about their authenticity.
• Any person who deals in euros must take all necessary measures to prevent counterfeiting, forgery, theft, or destruction of euro coins or banknotes.

Authorization

The Central Bank is authorized to appoint authorized officers to exercise powers under this part. Authorized officers are empowered to:

Powers of Authorized Officers

• Enter premises for the purpose of performing their functions under this part.
• Inspect records and documents related to euro currency.
• Require information from relevant persons.

Warrant of Appointment

Authorized officers must be furnished with a warrant of their appointment, which they must produce when exercising their powers.

Powers of Entry

Authorized officers may enter premises for the purpose of performing their functions under this part. They may also require that records or documents be certified or attested to their authenticity or correctness.

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