A new £5 note for Ireland was launched on 15 April 1994. It was the latest in a series of bank notes designed by Robert Ballagh and featuring people who had helped to create modern Ireland. Sr Catherine McAuley, founder of the Sisters of Mercy had been chosen for the front of the £5 note. The back showed a classroom with a verse from the poem 'Mise Raifteirí an File' by Antoine Ó Raifteirí on the back.
This RTÉ News report by Una O'Hagan from 15 April 1994 includes a tribute from Maurice Doyle, Governor of the Central Bank, to Sr McAuley. The then Minister of Finance Bertie Ahern thanks Doyle for all his assistance and advice. Guests at the launch include Sr Bonaventure Brennan, who is pleased to see Sr McAuley back in circulation.