1. 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.

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From the pound to the euro Exhibition

A restrospective of the currency of the Republic of Cyprus

Euro The features of euro banknotes & coins

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● 1960 - Establishment of the Cyprus Republic

● Currency unit - Cyprus pound

● Decimal system - Mils

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1961 - First currency notes

Nominal value - 250 and 500 mils

£1 and £5

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

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June 1963 - Establishment of the Central Bank of Cyprus

Exclusive right to issuethe currency

CBC issues: ● Banknotes ● Coins for circulation ● Collector / Commemorative coins 6

December 1964 -

First banknotes by the Central Bank of Cyprus

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Depictions

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

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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

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1977 - First £10 note

1979 - Change of the £1 and £5 designs

1982 - Change of the 500 mils design

1992 - First £20 note

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

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1983 - 50 cent note

1991 - 50 cent coin

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1997 - New issue of banknotes with nominal values of £1, £5, £10 & £20

State of the art security features

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Security features

Watermark Incorporated security thread Intaglio printing Intaglio horizontal lines to assist blind or partially

sighted people Holograms etc

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COINS

Obverse side

● Emblem of the Republic

● CYPRUS – ΚΥΠΡΟΣ – KIBRIS

● Year of issue

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COINS

Obverse side

● Nominal value

● Depictions. Topics chosen to: - project the civilization & history - represent the wildlife - reflect the character of Cyprus

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Collective / Commemorative coins

● Collector purposes

● Limited number

● Gold, silver, cupronickel and bronze

● Advisory Committee for the Design of Banknotes and Coins

- Choice of topic

- Competition17

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Topics / Important events and other

● Cyprus’s accession to European Union● Establishment of University of Cyprus● Third Millennium● Olympic Games● Wildlife● etc

Introduction of the euro in Cyprus

Target date 01.01.2008

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EURO BANKNOTES (Obverse side)

Seven nominal values

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EURO BANKNOTES (Reverse side)

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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 flag22

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 Europe23

Feel• Raised print

Look• Watermark• Security thread• See-through number

Security features

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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

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Eight nominal values

Euro Coins – Common/European side

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Maps of Europe:

Symbolise the unity

of the EU

EURO COINS – national sides national elements

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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 )

Conditions:

12 stars of Europe

Year of issue

Country of issue

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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)

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CYPRUS EURO COINS – National sides

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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.

Common side

CYPRUS EURO COINS – national side

Idol of Pomos – Chalcolithic period (3000 B.C.)

Antiquity Civilization

National side

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CYPRUS EURO COINS – national side

Kyrenia boat - 4th century B.C.

History Importance in trade Character as an island

Common side

National side32

CYPRUS EURO COINS – National side

Common side

National side

The Cyprus moufflon

Cyprus’s wildlife

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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

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Thank you for your attention

Please remain seated

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