18 May 2012 No Comments by The Northern Standard

By Cianna McNally

Clones has become the first town in Ireland to accept the punt as a valid form of currency – again!
A total of 42 businesses in the town officially embraced the punt on Saturday last, 12th May. Change is given in Clones Town vouchers.
As previously reported in the Northern Standard in March, it was canny Clones shopkeeper Tony Morgan who took the first steps towards bringing the old currency back to life ten years after it was replaced by the euro.
The Embrace the Punt campaign was the brainchild of Mr Morgan’s 21-year-old son Ciaran who read that the small Spanish town of Mugardos had improved tourism and generated business by reintroducing the peseta as a valid form of currency.
A promotional short film has been uploaded on YouTube and can be found by searching ‘Embrace the Punt.’
More details can be found by logging on to the website which at present has over 1,500 views.
Local traders will no doubt be confident that the punters will be pounding their doors to take advantage of any good deals on offer in their latest initiative. Who knows, the idea might catch on nationally, as it’s no secret that many high-profile economists have been hankering back to the days when Ireland had its own currency and the economic independence that went with that! 

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