What was the currency when cyprus was 1

cyprusjoker


Joined: 29/08/2009
Posts: 1107

Message Posted:
30/08/2010 13:21

This maybe a dumb question to most of you but what was it i would like to know?

MaggieAndBernie



Joined: 26/07/2008
Posts: 2012

Message Posted:
30/08/2010 13:22

I believe it was Cyprus pounds

JohnW


Joined: 23/04/2009
Posts: 601

Message Posted:
30/08/2010 13:27

In 1960, when Cyprus was declared independent and the Republic of Cyprus was established, the Cyprus pound became the country’s monetary unit. Initially, the pound was divided into 1.000 mils. In 1983 a new denomination, the cent, was introduced to replace the mil. The numismatic system remained the same as the Cyprus pound continued to be the Republic’s currency, the only difference being its denomination into 100 cent, instead of 1.000 mils.



With the accession of Cyprus to the euro area on 1 January 2008, the euro has replaced the Cyprus pound as the Republic’s monetary unit.

cyprusjoker


Joined: 29/08/2009
Posts: 1107

Message Posted:
30/08/2010 13:31

So am i right in saying that The cyprus pound was in the north and south in the 60's

Carndi


Joined: 12/06/2009
Posts: 613

Message Posted:
30/08/2010 13:33

When I was here in 1963/4 it was the Cyrus Pound and the ' Mill ' which I believe started in 1956 or 57 .

The ' Mill ' was 1000th part of the C£

In 1983 the ' mill ' was replaced by the ' cent ' ( = 100th part ).

Think I am correct but at my age my memory may be faulty.

Dusterbruce


Joined: 03/08/2007
Posts: 1125

Message Posted:
30/08/2010 13:53

http://en.wikipedia.org/wiki/Cypriot_pound

stilluvithere



Joined: 03/12/2008
Posts: 765

Message Posted:
30/08/2010 13:59

In 1972 the Cyprus pound was worth the same as British pound and the currencies were mixed. In August of that year the British govt floated the £ and then it was only worth 800 mils if my memory is correct and the British currency disappeared.

iceman


Joined: 15/08/2008
Posts: 724

Message Posted:
30/08/2010 14:11

cyprusjoker re msg:4

there was no north & south in 1960 just Cyprus...

in fact there has never been north & south in Cyprus till 1974

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
30/08/2010 15:33

What was the north called then? The top?



We have a north of England, and we go 'up north' (not for too long or we start to talk funny) without there being anything wrong - except the weather....

kavenkoy


Joined: 10/04/2008
Posts: 1787

Message Posted:
30/08/2010 15:40

and we never go south ,because everybody down there has massive mortgages and talks shite



kav

iceman


Joined: 15/08/2008
Posts: 724

Message Posted:
30/08/2010 15:42

do you have to get a visa to go from north to south or vice versa in UK?

deputydawg


Joined: 30/03/2010
Posts: 1727

Message Posted:
30/08/2010 17:33

As I get confused easily and think of the UK North as cold and Bandit Country, when travelling I deem anywhere North of Watford to be Scotland !

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
30/08/2010 17:48

I only deal in the aureus, very exchangeable!



Richard

suzi1951


Joined: 14/02/2010
Posts: 191

Message Posted:
30/08/2010 18:06

And Scotland is the jewel in the crown of the UK! But the weather makes me want to move.

janjin



Joined: 10/04/2008
Posts: 488

Message Posted:
30/08/2010 18:16

No visa is needed iceman.

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
30/08/2010 18:26

Msg 10, LOL

newscoop


Joined: 23/12/2007
Posts: 2197

Message Posted:
30/08/2010 21:50

Hadrian kent whit he wis daeing!



For the cultured people among us



Hadrian knew what he was doing when he built the wall.

Jetski


Joined: 21/07/2008
Posts: 584

Message Posted:
30/08/2010 22:08

Thanks JohnW for that most helpful info. Funny -that it's exactly the same info as that on



http://eshop.centralbank.gov.cy/default.aspx?tabid=72&it=0&mid=0&itemid=0&langid=2



If you're quoting (cutting and pasting) someone else's contribution it's common courtesy to ackowledge the source. Please remember in future. (or were they quoting you?). It's not clever to copy - anybody can do that.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
30/08/2010 22:36

Couple of interesting points about the old Cyprus money.

Before 1956 or was it 1957, we had

1 Cyprus pound= 20 Shillings

1 Shilling = 9 piasters



after 1956/7,

1 Cyprus pound = 1000 mils

Each shilling like coin = 50 mils thus a shilling became 50 mils.

1 Piaster = 5 mils, thus we changed from 9 piasters to a shilling to 10 piasters.

We had a real difficulty with half a piaster: there was no such thing but we did have 3 mils which for all intends and purposes it equalled to half a piaster.



Our bus from school to Nicosia was 15 mils i.e. 3 piasters but the bus driver would not accept 5 times three mils because as far as he was concerned it was only two and half piasters and wanted another half!!! I never understood why they had a 3 mils coin instead of 2.5 mils. The only person happy with it was my father. As a tax collector he used to spend hours to find the odd extra or missing piaster at the end of each month. With the advent of the 3 mils, small discrepancies up to three shillings became normal.

ismet

Jetski


Joined: 21/07/2008
Posts: 584

Message Posted:
30/08/2010 22:49

Oh my goodness - a typo in my last post........ It should say 'acknowledge' - before the pedants come out of their corner.

iceman


Joined: 15/08/2008
Posts: 724

Message Posted:
30/08/2010 23:02

Ismet

I bet you cannot guess the date of this.



http://www.postimage.org/image.php?v=TsBqtnS

cyprusjoker


Joined: 29/08/2009
Posts: 1107

Message Posted:
31/08/2010 01:05

Thats a great story Elko.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
31/08/2010 08:13

Mustafa,



Was it 1879?

iceman


Joined: 15/08/2008
Posts: 724

Message Posted:
31/08/2010 08:47

Groucho

Book was published in 1883 so you are not far off...



What is amazing is the fact that the one Turkish lira in value was worth almost as a gold sovereign in those days..

Hay days of the Ottoman empire..

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
31/08/2010 09:04

I bet it was started in 1879!



This is another interesting set of facts...



Nearly everything except corn, wine, oil, carobs, cotton and wool is

sold by the oke.



An oke, dry measure, equals 400 drams, or 2-4/5 lb.

The liquid oke is reckoned as equivalent to a quart.

Grain is measured by the kilé, regarded as equal to a bushel.

Wool, cotton and oil are sold by the litre of 2-4/5 okes, but commonly

reckoned as 2-1/2 okes.

Carobs are sold by the Aleppo cantar of 180 okes. This cantar is further

divided into 100 litres of 1 oke and 320 drams each.

Wine is sold by the kartos = 4 okes, the kouza = 8 okes, and the gomari

= 128 okes.

1 kilé of wheat weighs 20 to 22 okes.

1 kilé of barley weighs 14 to 18 okes.

1 kilé of oats weighs 13 to 14 okes.

1 kilé of vetches weighs 23 to 24 okes.

1 sack of straw weighs about 40 okes.

1 camel-load of straw weighs about 200 okes, consisting of 2 sacks, each

weighing about 100 okes.



Can you guess the year?

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
31/08/2010 09:12

Judging by the value of the Turkish Lira, I was going to say about 1920's.

One piaster was divided into 40 paras. During my childhood (pre 1950) we used to call the half piaster coins "twenty paras". That was the smallest coin in my time but my father showed me a quarter piaster coin which was not in use any longer and it was called "Ondalik" which meant a "tenner" because it was worth ten paras.



We still have the saying "Besh Paralik" when referring to a person worth very little. It meant "worth five paras".

ismet

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
31/08/2010 09:19

On the subject of the weight "Oke", it is an Ottoman unit of weight and it is about 1282 grams but when the British came to the island theyt devalued it to 1275 grams so that 800 okes would equal one imperial ton (not the short French tonne). Apparently the Brits and the French never saw eye to eye. It was the same with Horse Power. One British HP equalled 745 watts but one French HP equalled 735 watts.

ismet

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
31/08/2010 10:05

French horses eh... just not up to the task!



It was 1919... Bevan Cyprus Agriculture.

cyprusjoker


Joined: 29/08/2009
Posts: 1107

Message Posted:
31/08/2010 10:18

Horse power measured in watts, well i never knew that.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
31/08/2010 14:01

Cyprusjoker,

If you obtain your horse power from an electrical motor and not from the horse itself, then you have to know how many watts its worth