Central Bank

  • Mayo native Dr Kathleen Lynn - medical doctor, politician and activist - is to commemorated on a silver coin next year.

    The Central Bank is currently inviting artists and designers to submit their design for a silver coin to commemorate the Killala woman, who was born in Mullafarry in 1874, studied medicine and went on to found a children's hospital in Dublin in 1919.

    Dr Kathleen Lynn was the Chief Medical Officer during the 1916 Easter Rising, and was elected a Sinn Fein TD in 1923.

    The Central Bank will issue three collector coins in 2020 - to commemorate Dr Kathleen Lynn, singer Luke Kelly and Gothic Architecture.

    Those wishing to design one of the coins have until next Friday 13th September to make a submission, and further details of the competition are available online at www.collectorcoins.ie

  • The Central Bank is warning people to be vigilant if they take out a loan to repay any Christmas debt.

    According to the Daily Mail, the bank says families facing bills from the festive season can be tempted by 'easy loan' offers online.

    The banks says some of the offers have interest rates of up to 45 percent and in some cases people could have to repay twice what they borrowed.

  • A proposal by the former governor of the Central Bank to return bankers bonuses has been slammed.

    In a letter to the Finance Minister, Philip Lane gave his support to an end to a cap on banker’s bonuses.

    However, member of the Public Accounts Committee and Fianna Fail TD for Sligo Marc MacSharry says ordinary banking staff will not benefit from this proposal.