2023 – Cyprus – 60th anniversary of the establishment of the Central Bank of Cyprus

Introduction

Firstly, Cyprus issues a 2 euro commemorative coin in 2023 to celebrate the 60th anniversary of the founding of the Central Bank of Cyprus. Indeed, founded in 1963, this institution plays a crucial role in the monetary and financial stability of the country.

Role of the Central Bank

In addition, the Central Bank of Cyprus manages monetary policy, foreign exchange reserves, and supervises commercial banks. Thus, it implements economic policies to maintain financial stability. Therefore, in celebrating his 60th birthday, this coin pays tribute to his economic and financial contributions.

Design Central

The center of the piece features an abstract pattern depicting interconnected lines and circles. Indeed, this design evokes electronic circuits or communication networks, thus symbolizing modernity and interconnection. In addition, this pattern highlights the Central Bank’s ability to adapt to modern technologies.

Inscriptions and Symbols

At the top of the coin, the inscription in Greek “60 ΧΡΟΝΙΑ ΑΠΟ ΤΗΝ ΙΔΡΥΣΗ ΤΗΣ ΚΕΝΤΡΙΚΗΣ ΤΡΑΠΕΖΑΣ ΤΗΣ ΚΥΠΡΟΥ” means “60 years since the founding of the Central Bank of Cyprus. Indeed, this inscription celebrates the anniversary of this fundamental establishment for the Cypriot economy. Additionally, at the bottom of the coin, the inscription “ΚΥΠΡΟΣ KIBRIS 1963-2023” mentions the name of Cyprus in Greek (ΚΥΠΡΟΣ) and Turkish (KIBRIS), followed by the dates “1963-2023”, thus marking the 60th anniversary existence of the Central Bank of Cyprus.

European symbolism

De plus, la bordure extérieure de la pièce est ornée de douze étoiles à cinq branches, représentant les États membres de l’Union européenne en 2023. En effet, ces étoiles entourent le motif central, formant ainsi une couronne symbolique. Elles symbolisent donc l’unité et la solidarité entre les États membres de l’UE, renforçant l’appartenance de Chypre à la communauté européenne.

Conclusion

By issuing this coin, Cyprus celebrates the 60th anniversary of its Central Bank, a key institution for the country’s financial stability. Thus, the 2 euro coin issued in 2023 becomes a symbol of respect for the Central Bank’s commitment to economic stability and growth. It also recalls the importance of this institution in the economic development of Cyprus and its integration into the European financial system.

Additionally, this commemorative coin highlights Cyprus’ commitment to promoting economic stability. In short, this coin is a lasting tribute to the Central Bank of Cyprus, reinforcing Cyprus’ place in the European community while celebrating its rich economic and financial heritage.

Country of Issue:
Date of issue:	October 02, 2023
Total mintage:	412.000
– Proof:	3.000
– BU:	9.000
– UNC:	400.000
Engraver:	Georgios Stamatopoulos
The edge:
Rarity:
Official Journal:	2023/C 204/08
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Do you want to know the technical specifications of this coin? Feel free to visit the page dedicated to the specifications of a 2-euro coin.