Portrait of King Charles II, by John Riley

Monetary Crisis (1680), as Charles II Fixes Exchange Rates for Foreign Coins in Ireland

Introduction On 6th June 1680, the Lord Lieutenant (The Earl of Arran) issued a proclamation that a new table for the calculation of foreign coin values. This was done in response to the large amount of foreign (non-English) coins that were circulating in Ireland at this time but the monetary challenges that faced Charles II…