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100 Pounds Sterling

Issuer Bank of Ireland
Year 2005
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Size 160 x 85 mm
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Obverse lettering Bank of Ireland
I Promise to pay the bearer on demand
One Hundred
Pounds
STERLING
For the Governor and Company of the
BANK of IRELAND
BELFAST
1st MARCH 2005
Chief Executive N.I.
ESTABLISHED BY ROYAL CHARTER 1783
£100
Reverse description The reverse carries a detailed intaglio vignette of the Queen's University of Belfast, rendered in brown and red tones, occupying the central and lower portion of the note. The upper register displays a decorative band of guilloche patterns interspersed with floral rosettes in green, red, and blue, with the "Bank of Ireland" name and logo centered at top. The denomination "£100" appears at upper right and lower left, with the inscription "ONE HUNDRED POUNDS" along the lower margin.
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Bank of Ireland's £100 note occupies an odd position in the Northern Irish system: the bank is incorporated in the Republic of Ireland yet has always retained the right to issue sterling notes in Northern Ireland, a quirk of the retained issuing privileges grandfathered through successive Banking Acts. Unlike Bank of England notes, Northern Irish banknotes from commercial banks are not legal tender anywhere — not even in Northern Ireland itself — yet circulate freely by convention and mutual acceptance.

De La Rue printed this at their Dunstable facility, though distribution was managed through Belfast. By 2005 the £100 denomination saw almost no retail circulation; the note functioned primarily as a large-value store and interbank instrument.

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