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500 Mils 1974, Cyprus

in Krause book Number: 42b
Years of issue: 01.06.1974
Edition: I 33 250000
Signatures: Director: Christakis Costas Stephani
Serie: 1964 - 1966 Issue
Specimen of: 01.12.1964
Material: Cotton fiber
Size (mm): 140 х 82
Printer: Bradbury, Wilkinson & Company Limited, New Malden

* All pictures marked magnify are increased partially by magnifying glass, the remaining open in full size by clicking on the image.

** The word "Specimen" is present only on some of electronic pictures, in accordance with banknote images publication rules of appropriate banks.

500 Mils 1974

Description

Watermark:

watermark

Head of eagle.

Avers:

500 Mils 1974

faience flower

On the left side is a subject of the ancient art of Cyprus - faience flower. Made around 1300 - 1200 B.C. Found during excavations in the city of Ur.

Ur was an important Sumerian city-state in ancient Mesopotamia, located at the site of modern Tell el-Muqayyar in south Iraq's Dhi Qar Governorate.

museum sign

The originals are kept in the museum.

On the right side is the coat of arms.

coat Cyprus

The coat of arms of the Republic of Cyprus depicts a dove carrying an olive branch (a well-known symbol of peace) over “1960”, the year of Cypriot independence from British rule. The background is a copper-yellow colour; this symbolises the large deposits of copper ore on Cyprus (chiefly in the form of chalcopyrite, which is yellow in colour). The arms is not violating the rule of tincture, since the dove is not argent (silver) but blazoned as of the colour proper, i.e. it has the colour it would have in nature, in this case white.

The name of the bank in Greek and Turkish languages.

Lower right - the island of Cyprus.

Denominations in numerals are in top right and left corners. The date is in center.

Revers:

500 Mils 1974

Mountain road in cedar valley.

Leaving Panayia on the route signposted for Kykko monastery, follow the paved road, always towards Kykko at the well-marked junctions, for 22 km. until the paving ends abruptly upon arrival at Cedar Valley. This is no more or less that that, a hidden gulch with thousands of specimens of Cedrus Brevifolia, a type of aromatic cedar indigenous to Cyprus, first cousin to the more famous Lebanese variety and now principally found here. At a hairpin bend in the track, there is a picnic area and a spring, while a sign points to another track - wide but not suitable for vehicles - that leads 2,5 km. up to 1362-metres high Tripylos peak.

Denomination in words is in lower left corner.

Comments:

never released never released

The banknote withdrawn from circulation at 01.03.1984.

The British introduced the pound sterling unit to Cyprus in 1879 at a rate of one to 180 Turkish piastres. It remained equal in value to the pound sterling until 1972 and was initially divided into 20 shillings (σελίνι / σελίνια, şilin). The shilling was divided into 9 piastres (γρόσι / γρόσια, kuruş), thus establishing a nomenclature link to the previous currency. The piastre was itself divided into 40 para (like the kuruş). The para denomination did not appear on any coins or banknotes but was used on postage stamps.

In 1955, Cyprus decimalized with 1000 mils (μιλς, mil) to the pound. Colloquially, the 5 mil coin was known as a "piastre" (not an exact equivalence) and the 50 mil coin as a "shilling" (an exact equivalence). The subdivision was changed to 100 cents (σεντ, sent) to the pound on 3 October 1983. At that time, the smallest coin still in circulation was that of 5 mils. This was renamed as ½ cent, but soon was abolished. Mil-denominated coins are no longer legal tender.