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20 Pounds
| Issuer | Central Bank of Cyprus |
|---|---|
| Year | 1997-2004 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 164 × 80 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ΚΕΝΤΡΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΚΥΠΡΟΥ KIBRIS MERKEZ BANKASI £20 ΕΙΚΟΣΙ ΛΙΡΕΣ YİRMİ LİRA ΔΙΟΙΚΗΤΗΣ - MÜDÜR 1.10.1997 £20 (Translation: Central Bank of Cyprus £20 Twenty Pounds Governor 1 October 1997 £20) |
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| Variants | P#63a - 01.10.1997 P#63b - 01.10.2001 P#63c - 01.04.2004 |
| Comments |
Cyprus joined the eurozone on 1 January 2008, at which point the pound was superseded at a fixed rate of 0.585274 CYP to one euro — a rate set with unusual precision to minimize rounding losses on conversion. This final series of pounds, of which P#63 is the highest denomination, had a relatively short active life as a result, with redemption of unexchanged notes continuing through the Central Bank for years afterward.
Thomas De La Rue's involvement here is unsurprising; they held the Cyprus contract through most of the post-independence period. The holographic strip was a late addition to the security specification, introduced in response to regional counterfeiting pressure during the late 1990s.