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20 Pounds Bank of Ireland

Issuer Bank of Ireland
Year 1929
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Value 20 Pounds
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Reverse description Printed in orange-brown on a pale ground, the reverse is centred on a large guilloche rosette enclosing a vignette of Hibernia seated with a harp and a child, surrounded by radiating fine-line engine-turned work. Two further ornate guilloche rosettes each bearing the numeral 20 flank the central medallion within an elaborate scalloped frame. BANK OF IRELAND arcs above the central vignette, with TWENTY POUNDS below.
Reverse lettering BANK OF IRELAND TWENTY POUNDS 20
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Comments

Bank of Ireland's Belfast branch operated as a separate note-issuing authority from the Dublin head office under the Currency Act (Northern Ireland) 1927, which established a distinct legal framework for banknote issue in the newly partitioned North. This note falls squarely within the early years of that arrangement, when Belfast-issued Bank of Ireland notes circulated alongside those of several competing Ulster banks — all legally valid but each fiercely regional in practice.

The 1929 date places it just ahead of the economic shock that would suppress demand for high-denomination notes throughout the 1930s. Twenty-pound notes from this period saw very limited everyday use; they were instruments of commercial settlement, not retail trade.

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