irish pound

Friendly

Word: Irish Pound

Part of Speech: Noun

Definition: The Irish pound was the basic unit of currency used in Ireland before the country switched to the euro. One Irish pound was equal to 100 pence.

Usage Instructions:

• The term "Irish pound" is mostly used in historical contexts, especially when discussing Ireland's economy before 2002, when the euro was introduced.
• You might encounter this term when reading about the history of money in Ireland or discussing economic changes in the country.

Example:

• "Before the euro was introduced, people in Ireland used the Irish pound to buy goods and services."

Advanced Usage:

• In discussions about historical economics, you might say, "The devaluation of the Irish pound in the early 1980s led to significant changes in Ireland's economic policies."

Word Variants:

• Pound: Refers to the unit of currency in different countries, such as the British pound.
• Pence: The subunit of the pound, where 100 pence equals 1 pound.

Different Meaning:

• The word "pound" can also refer to weight (e.g., 1 pound = approximately 0.45 kilograms) or a place where animals are kept, such as a dog pound.

Synonyms:

• There are no direct synonyms for "Irish pound," but it can be referred to as "currency" or "money" in a broader sense.

Idioms and Phrasal Verbs:

• There are no specific idioms or phrasal verbs directly related to "Irish pound," but you may encounter phrases that involve money, such as "pound for pound" (comparing value or effectiveness) or "to be out of pocket" (to lose money or incur expenses).

Summary:

The Irish pound is a historical term referring to the currency used in Ireland before the euro. Understanding this term helps learners appreciate discussions about Ireland's financial history and economic evolution.

Academic

Noun

1. formerly the basic unit of money in Ireland; equal to 100 pence

Synonyms

• Irish pound
• Irish punt
• punt
• pound