Obverse. Photo © Monetnik.ru
  • 2 Euro 2023, Cyprus, 60th Anniversary of the Establishment of the Central Bank of Cyprus
  • 2 Euro 2023, Cyprus, 60th Anniversary of the Establishment of the Central Bank of Cyprus
Description

The Central Bank of Cyprus is the central bank of the Republic of Cyprus, located in Nicosia. It was established in 1963. The bank issued Cypriot pound banknotes and coins prior to 2008, when Cyprus adopted the euro.

The Central Bank of Cyprus has its origins in the British Colonial Government of Cyprus, which established a Cyprus Currency Board in 1927. This followed on from the unilateral annexation of Cyprus by the British Empire in 1914, the Treaty of Lausanne, establishing the legality in international law of this British takeover, in 1923, and the full establishment of a colonial system of government in Cyprus, with the creation of a Legislative Council, in 1926.

Obverse

Depicts a microchip symbolizing the stability of the economy in the modern industrial and digital era secured by the Central Bank of Cyprus and surrounded by the inscription "60th Anniversary of the Establishment of the Central Bank of Cyprus", the country name in Greek and Turkish and dates below. The twelve stars of the European flag are shown on the outer ring.

Engraver: Georgios Stamatopoulos

60 ΧΡΟΝΙΑ ΑΠΟ ΤΗΝ ΙΔΡΥΣΗ ΤΗΣ ΚΕΝΤΡΙΚΗΣ ΤΡΑΠΕΖΑΣ ΤΗΣ ΚΎΠΡΟΣ
ΚΥΠΡΟΣ KIBRIS
1963-2023

Reverse

A geographical map of Western Europe spans the outer ring and inner core on the right side of the coin. The inscription 2 EURO is superimposed over the map of Europe, with the numeral “2” located in an open field representing the eastern Atlantic Ocean.

12 stars are located on the right side of the outer ring, with six stars atop the map of Europe and six stars below it; six vertical stripes cut across the inner core of the coin, visually connecting the upper and lower star segments.

Luc Luycx, a designer at the Royal Belgian Mint, designed the Euro’s common reverse; his initials, LL, are seen on the right side of the design, just under the “O” in “EURO.”

2 EURO
LL

Edge

The sequence "2 ΕΥΡΩ 2 EURO" repeated twice (2 EURO in Greek and Turkish)

2 ΕΥΡΩ 2 EURO 2 ΕΥΡΩ 2 EURO

2 Euro

60th Anniversary of the Establishment of the Central Bank of Cyprus

KM#
Characteristics
Type Commemorative Issue (Circulating)
Material Nickel Brass
Weight 8.5 g
Diameter 25.75 mm
Thickness 2.2 mm
Shape round
Alignment Medal
Mint
Bank of Greece

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