Each banknote was required to bear the name of its issuing branch, where it could be redeemed. In some cases the notes also bore the name of the head office of the bank.
The Bank of Ireland, founded in 1783 as a private joint stock bank, was the first bank to issue paper money for circulation throughout Ireland. Its first issue was in 1783.
Besides Bank of Ireland only private banks issued currency note in Ireland. Other Joint Stock banks began to be formed around 1824 after changes in legislation, and most of these also received the right to issue paper money. By 1836 there were seven large joint stock banks issuing notes in Ireland.
The advent of joint stock banks lead to the end of note-issuing private banks, which had almost all closed by 1836.
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