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238
Average rate of
Exchange with
London (the
average selling
rate for demand
drafti on
London)
during Che past
year
List of Coins Current,
with relative value
Sight ® £ #
to \<fr
Discount,
3 months,
1 96 above the
official rate of
the Bank of
England
GOLD.
Sovereign =180
piastres = £1
j SILVER.
i
E ighteen piastres=2/
Nine piastres = 1 /-
Four & a half piastres
-=6d,
Three piastres = 4 d .
BRONZE.
Piastre = 40 paras
j
= 4 d .
* do. = 20 paras
m_mr2j
|-do. = 10 paras
= * d .
Legal tender currenc*-*,
giving particulars and Legislative
Authority.
Estimated .
Amount of Coin
in Circulation *
GOLD.
Value in
Cyprus
piastres.
Limit
of
tender.
Sovereign
180 \
None
SILVER.
Eighteen piastres 18
Nine piastres 9
Four & a half piastres.. -H
Three piastres 3
£3 =
540 piastres
BRONZE.
Piastre 40 paras
i do 20 „
£ do 10 „
3s. — 27 piastres
Authorized by Her late Majesty's Proclamation
of 17th September, 1900, published in the
Cyprus Gazette No. 689 of the 6th February,
1901.
In force from 30th April, 1901, by Proclamation
of His Excellency dated 3rd January, 1901.
Currency Notes :
t £5 value (Design of 1914) (!H)0ep.)
10- ,.
.,
(90,.)
5/- „
„
(45 „ )
J£10 „ (Design of 1917) (1,800 „ )
£1 ..
...
(1"0,,)
10/- ,,
„
(90,,)
§ 5/- „
„
(45 „ )
1f L- „ (Emergency Issue 1919) (9 „ ) .
• N o n e
English Gold
£290,000
Other Gold
£600
Cyprns Silver
£95,000
Bronze
£10,175
N O T E : —
Tbe above in–
formation is
approximate.
Estimated At
of Paper Moo
Circulstio
Colonial
Govern–
ment
' £ S.
113,590
37,332
34,110
99,970
224,528
36,457 10
55,234 10
1,947 4
* This figure has been obtained from a review of the known imports and exports of gold during the year, starting
with the estimated amouut in the Island at the commencement of the year. Gold, however, is very rarely seen in
circulation and it is very probable that a considerable quantity has left the Island and that the actual quantity in the
Island is much below thefigurequoted, possibly not exceeding £50,000 to £100,000.
t Authorised by Proclamation, under Martial Law, of the High Commissioner dated 2nd September, 1915.
X
it
,,
.,
5th September, 1917.
§
„
„
10th April, 1918.
~f
,,
,,
12th November, 1919.