Irish Govt.: No Euro For Conor McGregor ... But We MUST Honor Him!!!

Bad news for Conor McGregor ... his face won't be on money -- but the Irish government is already mulling OTHER IDEAS to honor the UFC star.

As we previously reported, a petition made its way all the way up to Irish parliament to put Conor's mug on the euro coin -- but it was killed because the guy who proposed the idea went M.I.A.

But get this ... during the hearing, politician Richard Boyd Barrett addressed the committee -- and said there's a strong public demand to honor Irish stars who do great things on the international stage ... like Conor!

"Certainly, Conor McGregor is a phenomenon at the moment, particularly after his demolition of Jose Aldo ... his very short demolition."

So, how will they honor Conor? Lawmakers kicked around the idea of a commemorative coin ... but Conor says he wants to be on the 500 EURO note!