Editing Irish Free State (section)

===Currency===
The new state continued to use the [[Pound sterling]] from its inception; there is no reference in the Treaty or in either of the enabling Acts to currency.<ref>Except perhaps by inference: the Treaty assigned to the Irish Free State the same status in the Empire as Canada and the latter had already [1851{{mdash}}59] [[History of the Canada dollar#1851|replaced the British Pound]] (with the Canadian Dollar).</ref> Nonetheless, and within a few years, the Dáil passed the Coinage Act, 1926 (which provided for a ''Saorstát'' [Free State] coinage) and the Currency Act, 1927 (which provided ''inter alia'' for banknotes of the [[Irish Pound#Second pound|Saorstát pound]]). The new Saorstát pound was defined by the 1927 Act to have exactly the same weight and fineness of gold as was the [[sovereign (British coin)|sovereign]] at the time, making the new currency [[Fixed exchange rate system|pegged]] at 1:1 with sterling. The State circulated its new national coinage in 1928, marked ''Saorstát Éireann'' and a [[Series A banknotes|national series of banknotes]]. British coinage remained acceptable in the Free State at an equal rate. In 1937, when the Free State was superseded by Ireland (''Éire''), the pound became known as the "[[Irish pound]]" and the coins were marked ''Éire''.