Ireland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel. Ireland is the second-largest island of the British Isles, the third-largest in Europe, and the twentieth-largest on Earth.

Politically, Ireland is divided between the Republic of Ireland (officially named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. Despite the two jurisdictions using two distinct currencies (the euro and pound sterling), a growing amount of commercial activity is carried out on an all-Ireland basis.

The Irish pound was the currency of Ireland until 2002 when it was replaced by the euro. The note depicted beside is a 1 Irish Pound banknote issued from 1977 to 1989. The obverse depicts Queen Medb (Maeve; "Drunken Woman") - queen of Connacht (Connaught) in the Ulster Cycle of Irish mythology. The reverse has some old writings.

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