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

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From the pound to the euro

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  1. From the pound to the euro • ExhibitionA restrospective of the currency of the Republic of Cyprus • EuroThe features of euro banknotes & coins

  2. ● 1960 -Establishment of the Cyprus Republic●Currency unit - Cyprus pound●Decimal system - Mils

  3. 1961 -First currency notesNominal value - 250 and 500 mils£1 and £5

  4. 1963 -First coinsNominal value - 1 mil, 5, 25, 50 and 100 mils

  5. June 1963 -Establishment of the Central Bank of CyprusExclusive right to issuethe currencyCBC issues: ● Banknotes ● Coins for circulation ● Collector / Commemorative coins

  6. December 1964 - First banknotes by the Central Bank of Cyprus

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

  8. 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. 1977 -First £10 note 1979 -Change of the £1 and £5 designs 1982 -Change of the 500 mils design 1992 -First £20 note

  10. October 1983 – New decimal system –CENT Coins with nominal values of½, 1, 2, 5, 10 and 20 cent

  11. 1983 - 50 cent note 1991 - 50 cent coin

  12. 1997 - New issue of banknotes with nominal values of £1, £5, £10 & £20 State of the art security features

  13. Security features • Watermark • Incorporated security thread • Intaglio printing • Intaglio horizontal lines to assist blind or partially sighted people • Holograms • etc

  14. COINS Obverse side ●Emblem of the Republic ●CYPRUS – ΚΥΠΡΟΣ – KIBRIS ●Year of issue

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

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

  18. Introduction of the euro in Cyprus Target date 01.01.2008

  19. EURO BANKNOTES (Obverse side) Seven nominal values

  20. EURO BANKNOTES (Reverse side)

  21. 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 • •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

  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) 25

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

  26. EURO COINS – national sides national elements 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 )

  27. Conditions: • 12 stars of Europe • Year of issue • Country of issue

  28. 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. CYPRUS EURO COINS – National sides • 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.

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

  31. National side CYPRUS EURO COINS – national side Common side • Kyreniaboat - 4th century B.C. • History • Importance in trade • Character as an island

  32. Common side National side CYPRUS EURO COINS – National side • The Cyprus moufflon • Cyprus’s wildlife

  33. 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. Thank you for your attention Please remain seated

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