Catalog
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| Issuer | Central Bank of Cyprus |
|---|---|
| Year | 1983 |
| Type | Log in to see details |
| Value | 1 Cent (Sent) (0.01 CYP) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | CYPRUS·ΚΥΠΡΟΣ·KIBRIS· 1983 |
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| Reverse script | Latin |
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| Additional information |
Cyprus joined the EMS exchange rate mechanism in 1992, but the groundwork for monetary stabilization was already being laid a decade earlier — this 1983 issue belongs to a reformulated small-denomination series introduced as the island's economy adjusted to the realities of a partitioned country following the 1974 Turkish invasion. The Central Bank had to maintain credible coinage for a state now operating over roughly 60% of its former territory.
The KM#53.1 designation distinguishes this solid-numeral variety from the later KM#53.2, which introduced an outlined value digit — a minor but catalogued die change that collectors use to sequence the type's production run.