Slide1: 1


From the pound to the euro: From the pound to the euro Exhibition A restrospective of the currency of the Republic of Cyprus Euro The features of euro banknotes & coins 2


● 1960 - Establishment of the Cyprus Republic  ● Currency unit - Cyprus pound  ● Decimal system - Mils: ● 1960 - Establishment of the Cyprus Republic ● Currency unit - Cyprus pound ● Decimal system - Mils 3


1961 - First currency notes Nominal value - 250 and 500 mils £1 and £5 : 1961 - First currency notes Nominal value - 250 and 500 mils £1 and £5 4


Slide5: 1963 - First coins Nominal value - 1 mil, 5, 25, 50 and 100 mils 5


June 1963 - Establishment of the Central Bank of Cyprus Exclusive right to issuethe currencyCBC issues: ● Banknotes ● Coins for circulation ● Collector / Commemorative coins: June 1963 - Establishment of the Central Bank of Cyprus Exclusive right to issue the currency CBC issues: ● Banknotes ● Coins for circulation ● Collector / Commemorative coins 6


Slide7: December 1964 - First banknotes by the Central Bank of Cyprus 7


Slide8: Depictions Topics chosen to project the island’s: ● civilization ● history ● nature ● character 8


Slide9: Depictions ● Kyrenia boat ● Goddess Aphrodite (Venus) ● Girl in national costume ● Elements of flora and fauna ● Villages and landscapes ● Emblem of the Republic ● Map of Cyprus 9


Slide10: 1977 - First £10 note 1979 - Change of the £1 and £5 designs 1982 - Change of the 500 mils design 1992 - First £20 note 10


Slide11: October 1983 – New decimal system – CENT Coins with nominal values of ½, 1, 2, 5, 10 and 20 cent 11


Slide12: 1983 - 50 cent note 1991 - 50 cent coin 12


Slide13: 1997 - New issue of banknotes with nominal values of £1, £5, £10 & £20 State of the art security features 13


Slide14: Security features Watermark Incorporated security thread Intaglio printing Intaglio horizontal lines to assist blind or partially sighted people Holograms etc 14


Slide15: COINS Obverse side ● Emblem of the Republic ● CYPRUS – ΚΥΠΡΟΣ – KIBRIS ● Year of issue 15


Slide16: COINS Obverse side ● Nominal value ● Depictions. Topics chosen to: - project the civilization & history - represent the wildlife - reflect the character of Cyprus 16


Slide17: Collective / Commemorative coins ● Collector purposes ● Limited number ● Gold, silver, cupronickel and bronze ● Advisory Committee for the Design of Banknotes and Coins - Choice of topic - Competition 17


Slide18: 18 Topics / Important events and other ● Cyprus’s accession to European Union ● Establishment of University of Cyprus ● Third Millennium ● Olympic Games ● Wildlife ● etc


Slide19: Introduction of the euro in Cyprus Target date 01.01.2008 19


EURO BANKNOTES (Obverse side): EURO BANKNOTES (Obverse side) Seven nominal values 20


Slide21: EURO BANKNOTES (Reverse side) 21


EURO BANKNOTES – Obverse side : EURO BANKNOTES – Obverse side • Windows and gateways from the seven architectural styles of Europe that symbolise the European spirit of openness and cooperation • The 12 stars of the EU represent the dynamism and harmony of contemporary Europe • The EU flag 22


EURO BANKNOTES – Reverse side: EURO BANKNOTES – Reverse side • A bridge from the seven architectural styles of Europe is depicted on each banknote The bridges symbolise the close cooperation and communication between the people of Europe and between Europe and the rest of the world • Map of Europe 23


Security features: Feel • Raised print Look • Watermark • Security thread • See-through number Security features 24


Security features: Tilt The image on the hologram (patch or stripe) will change between the value, and a window or doorway, and the euro symbol. In the background you can see rainbow-coloured concentric circles (large denominations only) Gold coloured stripe on the back (€5, €10 & €20) The value numeral on the back will change colour from purple to olive green or brown (€50, €100, €200 & €500) Security features 25


Eight nominal values: Eight nominal values Euro Coins – Common/European side 26 Maps of Europe: Symbolise the unity of the EU


Slide27: EURO COINS – national sides national elements 27 Euro area 13 states (Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Slovenia, Spain, Finland) Small states (Monaco, San Marino, Vatican City )


Slide28: Conditions: 12 stars of Europe Year of issue Country of issue 28


Slide29: Depictions One design (Belgium, Ireland, Vatican City) Two designs (Netherlands, Finland) Three designs (France, Germany, Luxembourg, Portugal, Spain, Monaco) Eight designs (Austria, Greece, Italy, Slovenia, San Marino) 29


Slide30: CYPRUS EURO COINS – National sides 30 Selection of themes Recommended by the Special Advisory Committee for the Design of Banknotes and Coins Selected by the Central Bank of Cyprus Approved by the Council of Ministers Competition Selected designs: Tatiana Soteropoulos and Erik Maell.


Slide31: CYPRUS EURO COINS – national side Idol of Pomos – Chalcolithic period (3000 B.C.)  Antiquity  Civilization 31


Slide32: CYPRUS EURO COINS – national side Kyrenia boat - 4th century B.C. History Importance in trade Character as an island Common side 32


Slide33: CYPRUS EURO COINS – National side The Cyprus moufflon Cyprus’s wildlife 33


Slide34: The euro symbol - € Three criteria: To be highly recognisable symbol of Europe To have visual link with existing well known currency symbols To have an aesthetically pleasing design and to be easy to write by hand  Inspired by the Greek letter epsilon  First letter of the word “Europe”  Two parallel lines indicate the stability of the euro 34


Slide35: Thank you for your attention Please remain seated 35