At first, the sea was formed around 5.6 million years ago, due to a large-scale flood, but the waters were separated from the Atlantic Ocean by the Strait of Gibraltar, so, in the hundreds of thousands of years that followed, the water spreads dried out almost completely.
The Irish Punt was legal tender in the Republic of Ireland until 2002, when Ireland joined the Euro. This guide outlines the sources for historical exchange rates between the Irish Punt and Pound Sterling. The Irish Punt established by the Currency Act 1927 had a fixed link with Pound Sterling until March 1979.
What was the currency of Ireland after 2001? On the 1st of January 2002, the euro began to be used in the Republic of Ireland, replacing the Punt or Irish pound. Northern Ireland still uses the British pound, known as stâ¦erling.