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Embrace The Punt (A town in Ireland goes back to the Punt)
DOZENS OF BUSINESSES in the Monaghan town of Clones are accepting the old Irish punt in a bid to boost the local economy.
Though it was replaced by the euro ten years ago, there is around €360 million in outstanding Irish notes and coins still in existence around the country, according to figures from the Central Bank.
Now the idea of one shopkeeper in Clones has spawned into a whole campaign in the town with over 40 shops, pubs, and other businesses getting involved by accepting customers’ old punts and giving them back change in euro vouchers which can be spent in other businesses in the town.
“My son, Ciaran, saw a documentary on the BBC about a town in Spain that had done it with the pesata and had had phenomenal success,” Tony Morgan, the owner of Lipton’s shop, told TheJournal.ie yesterday.
