Cypriot Pound
The Cypriot pound stands as one of Europe’s most refined former currencies, where antiquity, precision and monetary prestige converge.
Quick Facts
Country: Cyprus
Code: CYP
Symbol: £
System: Decimal (1 Pound = 100 Cents)
Status: Withdrawn
Issuer: Central Bank of Cyprus
The Story of the Cypriot Pound
Originating under British administration and retained after independence in 1960, the Cypriot Pound evolved into a strong and stable national currency. By the late 20th century, it became one of the highest-valued currencies in the world—its nominal value surpassing even the British Pound Sterling. This strength reflected Cyprus’s financial discipline, strategic positioning and economic development. The Pound remained in use until 2008, when Cyprus adopted the Euro, closing a chapter defined by both monetary prestige and cultural expression.
Design & Symbolism
The visual identity of the Cypriot Pound is anchored in precise archaeological storytelling. The 1 Pound note prominently features the Chalcolithic Pomos Idol—one of the most iconic prehistoric symbols of Cyprus—while higher denominations expand into classical antiquity. The 20 Pounds (2004 issue) present the bust of Aphrodite, the island’s mythological figurehead, paired with the Kyrenia ship—one of the most important ancient shipwreck discoveries in the Mediterranean. Across the series, inscriptions appear in Greek, Turkish and English, reflecting the island’s layered cultural and political history. Printed by Harrison & Sons (later integrated into De La Rue), the banknotes are distinguished by unusually vivid, almost iridescent color palettes, setting them apart from more restrained European issues.
For collectors
For collectors, the Cypriot Pound is a high-prestige closed series with strong visual identity and clear key targets. The 1990s and early 2000s issues are particularly valued for their exceptional paper quality and refined printing. The 20 Pound banknote stands out as a major collectible highlight—not only for its rich design, but because its high face value meant few were preserved in pristine (UNC) condition after Euro adoption. Collectors also pursue full denomination sets to capture the complete archaeological narrative, as well as earlier Pomos Idol issues, which have become emblematic of Cypriot numismatics. As a former currency that combined artistic distinction with exceptional monetary strength, the Cypriot Pound holds a unique position among modern European banknotes.
A refined pre-euro system defines the Cypriot pound, where heritage and monetary prestige converge.