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5 Euro Cents
| Issuer | Central Bank of Cyprus |
|---|---|
| Year | 2008-2023 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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|---|---|
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| Reverse description | The reverse displays the common European design for the 5 euro cent denomination, as engraved by Luc Luycx. A globe occupies the central field, rendered to show Europe in geographical relation to Africa and Asia, symbolizing the continent's global position. The large numeral '5' appears to the left of the globe, while the inscription EURO CENT is positioned to the right. The designer's initials 'LL' are present in the lower portion of the field. Twelve stars, representing the member states of the European Union, encircle the outer ring of the coin. |
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| Edge | Plain |
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| Additional information |
Cyprus adopted the euro on 1 January 2008 after a prolonged peg of the Cypriot pound to the euro at a fixed rate of 0.585274 pounds per euro — a rate locked in 2007 and never adjusted. The transition effectively ended a currency that had survived British colonial administration, independence in 1960, and the economic disruption of the 1974 Turkish invasion of the north.
Copper plated steel replaced the bronze alloy used in earlier euro cent issues from other member states, a cost-driven shift the European Central Bank authorised as rising copper prices made the original specification increasingly uneconomical.