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1 Pound

Issuer Central Bank of Cyprus
Year 1982-1985
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Printer Thomas De La Rue & Company, London, United Kingdom
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Protection type Watermark, Security thread
Protection description the nymph Acme's head visible when held to light; embedded security thread running vertically through the note
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Comments

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.

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