1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.1091 IEP (Irish Punt). It is the official currency of Ireland. It is denoted as IR£. The Irish Pound is also called as quid. Ireland is an island in the North Atlantic region and is a part of the Great Britain. The IEP (Irish Punt) was the currency of the Republic of Ireland until December 31, 2008. The Irish Punt was replaced by the Euro on January 1, 2009 at a rate of 1 Euro = IR£ 0.787564. The IEP is pegged to none. The issue of Irish Punt is controlled by the Central Bank of Ireland. 1 IEP is subdivided into 100 Pennies.