Dáil
‹ Ceisteanna—Questions. Oral Answers. - Irish-English Currency. Irish-Sterling Exchange Charges
Summary
The Minister was unaware of a 3% charge on Irish-English currency exchanges; he said banks had applied normal foreign-exchange charges since April, with the arrangement due for review after three months.
asked the Minister for Finance if he is aware that bank charges on Irish-English currency exchange transactions is 3 per cent and if he is satisfied that this rate is justified.
Comment on this
I am not so aware. I understand that since 2 April 1979 the Associated Banks, with the agreement of the Central Bank, have applied to Irish pound-sterling transactions the charges normally applicable to foreign exchange business. This arrangement will be reviewed after three months in the light of operating experience.