As Patrick Honohan launched the Central Bank’s new €15 coin in Galway on 12th of December, we joined in with launch of our own €3.1 billion coin. Given that the Irish Central Bank were happy to create over €30 billion to give to Anglo on the strength of the promissory notes, we though we could offer to pay the next installment with money that we created.
Despite recent claims to the contrary, the 2012 promissory note was paid in full. This was the second annual payment to the Anglo (or “IBRC”) zombie bank, so that it could pay back the central bank who in turn can remove it from circulation.
Since the money will be destroyed anyway, the campaign has decided to launch it’s own commemorative coin. Vicky Donnelly explains the plan: