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1 Pound

Issuer Central Bank of Cyprus
Year 1982-1985
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Value 1 Pound (1 CYP)
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Obverse description The right half of the note is occupied by an intaglio vignette of the nymph Acme, rendered in a classical style with flowing hair and draped figure. To the left, the arms of Cyprus appear within a circular guilloche medallion, flanked by the bilingual bank title in Greek and Turkish. The denomination MIA LIRA / BIR LIRA is printed in bold letterpress across the centre, with the date and a single signature of the Governor below.
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Reverse description The central vignette presents an intaglio view of Bellapais Abbey, the celebrated Gothic monastery in northern Cyprus, rendered in fine line engraving with arched colonnades and ruined walls set amid a formal garden. Three decorative rosette medallions are arranged in a row at the upper right, and a large blank oval watermark window occupies the lower right. The bank title CENTRAL BANK OF CYPRUS arches across the top, with the denomination ONE POUND at the foot.
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Cyprus joined the Exchange Rate Mechanism in 1992, but this note was already a decade old by then — issued during the years when the pound was pegged to a basket of currencies and the Central Bank was quietly building the institutional credibility it would need for eventual EU accession. The 1 Pound was the workhorse denomination of everyday Cypriot commerce in this period, and De La Rue's involvement ensured consistent quality through a run that stretched across four printing years.

P#50A is known to show minor plate wear in later printings, affecting fine-line detail in the guilloche work — worth examining under magnification when assessing higher-grade examples.