Euro Stories: The Irish Experience of Currency Change

This paper presents an overview of an interview study carried out in the Republic of Ireland approximately 1 year after the introduction of the euro in January 2002 and also compares the Irish experience to that of the other initial Eurozone countries. The new currency seems to have been rather more positively received in Ireland than elsewhere. Irish adults had a generally more positive attitude towards the new currency and seemed to have adapted to it rather well. Nevertheless, they shared some common experiences and problems with citizens of other countries, such as the perception that the introduction of the euro raised inflation more than it actually did, confusion of notes and coins and the use of coping strategies involving price conversion to the former currency. The implications of the Irish experience for policy are discussed.