tabbs Posted May 12, 2007 Report Share Posted May 12, 2007 On Wednesday (16 May) the European Commission and the European Central Bank will present their new convergence reports for Cyprus and Malta. Both countries want to introduce the euro on 1 January 2008, and it seems that both meet the convergence criteria. The final decision will be made by the EU Council based on these reports. These are the changeover plans of the two countries - well, the parts that may be interesting for money collectors. CYPRUS * Three different coin designs From left to right: 1, 2, 5 cent // 10, 20, 50 cent // 1, 2 euro // // * Current central ERM-II rate: 1 EUR = 0.585274 CYP * Euro coins (total value 100.26 million) will be minted by the Mint of Finland (Rahapaja) * Euro notes (total value 1,730 million) will be "borrowed" from existing Eurosystem stocks * Starter kits for the general public will be available as from 3 Dec 2007 * Dual CYP+EUR circulation period: 1-31 Jan 2008 * Pound coins can be redeemed for two years * Pound notes can be redeemed for ten years * More information: http://www.centralbank.gov.cy/nqcontent.cfm?a_id=4704 http://www.euro.cy/ http://www.coinpeople.com/index.php?showtopic=2371 MALTA * Three different coin designs From top to bottom: 1, 2, 5 cent // 10, 20, 50 cent // 1, 2 euro * Current central ERM-II rate: 1 EUR = 0.429300 MTL * Euro coins (total number approx. 200 million) will be minted by the French Mint (Monnaie de Paris) * Euro notes (total number approx. 80 million) will be "borrowed" from existing Eurosystem stocks * Starter kits for the general public will be available as from 10 Dec 2007 * Dual MTL+EUR circulation period: 1-31 Jan 2008 * Lira coins can be redeemed for two years * Lira notes can be redeemed for ten years * More information: http://mfin.gov.mt/page.aspx?site=NECC&page=maltesecoins http://euro.gov.mt/ http://www.coinpeople.com/index.php?showtopic=6541 Please notes that the volume of the coins and notes is expressed in "total value" for Cyprus, and in "total number of pieces" for Malta. Christian Link to comment Share on other sites More sharing options...
De Orc Posted May 12, 2007 Report Share Posted May 12, 2007 Thanks for the info Christian, have to say quite nice looking designs. Wonder how they will go down with the local population, when I was in Malta earlier this year the general concensus from those I spoke to was they did not want the Euro LOL Link to comment Share on other sites More sharing options...
tabbs Posted May 12, 2007 Author Report Share Posted May 12, 2007 Thanks for the info Christian, have to say quite nice looking designs. Wonder how they will go down with the local population, when I was in Malta earlier this year the general concensus from those I spoke to was they did not want the Euro LOL Well, they could quite simply have stayed out of the European Union. Or follow the example of Sweden which does not have an opt-out clause like the "pre-Maastricht" members DK and UK but stays out of the currency union anyway. Basically I do not care much whether Cyprus and/or Malta keep their currencies or join Euroland; that is up to them. But of course it is always neat to see new designs. And yes, these are nice. Sure, I would have preferred eight different designs per country, but what they picked sure looks better than some of the existing designs, hehe. "PS" - Below are the planned mintages (in million coins) for Cyprus. Note the relatively low number of 1 cent coins. That may be due to the currently smallest denomination, the 1 (£-)cent coin, being worth about 2 (€-)cent ... 1c: 26m 2c: 100m 5c: 60m 10c: 70m 20c: 65m 50c: 30m €1: 28m €2: 16m Christian Link to comment Share on other sites More sharing options...
Johnny 1989 Posted May 13, 2007 Report Share Posted May 13, 2007 Like these designs, especially Malta. I prefer these to the Slovenian releases earlier this year. The problem I fidn with the Slovenian ones is that although they are nice designs there doesn't seem to be an consistancy with them unlike Cyprus, Malta and most of the other countries Link to comment Share on other sites More sharing options...
ageka Posted May 13, 2007 Report Share Posted May 13, 2007 And the vote of this belgian jury goes to the Cyprus 50 cent in Nordic Gold ( And no I do not know who won the Euro Song Contest because I did not look ) Link to comment Share on other sites More sharing options...
ageka Posted May 13, 2007 Report Share Posted May 13, 2007 And Malta seems to use their cross on and on I have one on the back of the Lady Di coin of the Knights of Malta Link to comment Share on other sites More sharing options...
De Orc Posted May 13, 2007 Report Share Posted May 13, 2007 The Winner is Serbia Link to comment Share on other sites More sharing options...
ageka Posted May 13, 2007 Report Share Posted May 13, 2007 Yes and on the news they said Russia was third second was an eastblock too This is probably one of the last Eurosong contests cause the old euro countries are fed up by political voting of eastblock countries Link to comment Share on other sites More sharing options...
De Orc Posted May 13, 2007 Report Share Posted May 13, 2007 Eurovision Final Positions 01 Serbia 02 Ukraine 03 Russia 04 Turkey 05 Bulgaria 06 Belarus 07 Greece 08 Armenia 09 Hungary 10 Moldova 11 Bosnia & Herzegovina 12 Georgia 13 Romania 14 FYR Macedonia 15 Slovenia 16 Latvia 17 Finland 18 Sweden 19 Germany 20 Spain 21 Lithuania 22= France 22= United Kingdom 24 Ireland Talk about rigged votting LOL PS just to get you all excited for next year Eurovision 2008 In Serbia Big 4 are automatically qualified for the Final Spain Germany France The United Kingdom, Top 10 this year qualify for the Final 01 Serbia 02 Ukraine 03 Russia 04 Turkey 05 Bulgaria 06 Belarus 07 Greece 08 Armenia 09 Hungary 10 Moldova And 10 from the Semi finals make up the 24 Do you think that Serbia will bring out a coin to Commemerate such a achievement !! Link to comment Share on other sites More sharing options...
tabbs Posted May 13, 2007 Author Report Share Posted May 13, 2007 In a German newspaper article I read a great suggestion. The 16 states that form the Federal Republic of Germany will become independent; Belgium will be replaced by Flanders, Wallonia and Great Brussels; instead of the UK there will be England, Scotland, Wales and Northern Ireland; the regions in Spain and Italy could become countries too. All or most of them would continue to be parts of the EU, so in practical politics hardly anything would change ... but imagine the new voting opportunities for the Eurovision Song Contest! To be fair, I did not watch the show, and when I heard the winning song today, I was not overwhelmed - nevertheless it was interesting that such an "unspectacular" act had won. Problem with the ESC is that the four biggest financial contributors (networks in France, Germany, Spain and the UK) cannot really attract that many viewers in their countries any more. So there will of course be discussions about whether that "event" should still be broadcast and sponsored. Do you think that Serbia will bring out a coin to Commemerate such a achievement !! Wait ... are you talking about coins here? Well, who knows. But I know somebody who would not buy such a thing. As for the Cyprus designs, yes, I also like the Kyrenia ship best. Don't know how the prehistoric "stuff" (CY: Pomos Idol, MT: Imnajdra Temple) will look on the coins. The Maltese Cross was, interestingly, not among the designs initially suggested for the public vote - but apparently people want to have it on their coins ... Christian Link to comment Share on other sites More sharing options...
tabbs Posted May 16, 2007 Author Report Share Posted May 16, 2007 Update - Today the European Commission published its convergence reports regarding Cyprus and Malta. The Commission recommended that both countries can join the currency union on 1 January. http://ec.europa.eu/economy_finance/news/h...rus/main_en.htm Some members of the European Parliament criticized that at this stage neither of the two countries fully meets all criteria. The "decision parameters" should be further discussed. The final decision, however, is not made by the Commission or the Parliament but by the Council, ie. the member state governments. Christian Link to comment Share on other sites More sharing options...
Scottishmoney Posted May 16, 2007 Report Share Posted May 16, 2007 I saw a report on the BBC on the Telee this morn affirming the same, that they can join on 1 January. Link to comment Share on other sites More sharing options...
tabbs Posted June 23, 2007 Author Report Share Posted June 23, 2007 It is official now; Cyprus and Malta can join on 1 January. Earlier this week both the European Parliament and the Council of the European Union agreed. http://www.europarl.europa.eu/news/expert/.../default_en.htm http://www.consilium.europa.eu/ueDocs/cms_...cofin/94875.pdf The final euro conversion rates of the Maltese lira and the Cyprus pound are not known yet. But they will be close to the current ERM-II central rates (CYP: 0.585274 / MTL: 0.429300) ... Christian Link to comment Share on other sites More sharing options...
Johnny 1989 Posted June 27, 2007 Report Share Posted June 27, 2007 Can anyone tell me if there is a restriction on bringing coins/banknotes back from Cyprus as I'm going there next week and would like to get hold of some Cypriot Pounds before it is replaced Link to comment Share on other sites More sharing options...
NumisMattic2200 Posted June 27, 2007 Report Share Posted June 27, 2007 I really like all of those coins designs, but where are the knights of St. John on Malta's coinage? Link to comment Share on other sites More sharing options...
tabbs Posted June 27, 2007 Author Report Share Posted June 27, 2007 Can anyone tell me if there is a restriction on bringing coins/banknotes back from Cyprus as I'm going there next week and would like to get hold of some Cypriot Pounds before it is replaced According to this document (from the Cyprus central bank site), you need to declare amounts, in any currency, exceeding 7300 CYP (see Part VI, 15) ... http://www.centralbank.gov.cy/media/pdf/CE...LMOVEMENT03.pdf But please do not consider this to be legal advice. Christian Link to comment Share on other sites More sharing options...
tabbs Posted June 27, 2007 Author Report Share Posted June 27, 2007 I really like all of those coins designs, but where are the knights of St. John on Malta's coinage? The "Baptism of Christ by St. John", "Fort St. Angelo", and the "Great Siege Monument" - all with references to the Order of St. John - were among the suggested themes, see http://mfin.gov.mt/image.aspx?site=NECC&am...Coins%20Details (PDF, about 850K). But apparently not enough people voted for them. Of course, had they allowed eight different designs --- Christian Link to comment Share on other sites More sharing options...
Johnny 1989 Posted June 28, 2007 Report Share Posted June 28, 2007 According to this document (from the Cyprus central bank site), you need to declare amounts, in any currency, exceeding 7300 CYP (see Part VI, 15) ...http://www.centralbank.gov.cy/media/pdf/CE...LMOVEMENT03.pdf But please do not consider this to be legal advice. Christian Don't worry I'm only changing up £350 English into Cypriot Punds, so no worries then Link to comment Share on other sites More sharing options...
El Buitre Posted July 3, 2007 Report Share Posted July 3, 2007 The Mint of Finland has the exclusive right to sell the Euro-BU-Sets of Cyprus next year. Loose Coins and perhaps Starter-Kits sells the Central-Bank of Cyprus directly. Greetings El Buitre Link to comment Share on other sites More sharing options...
tabbs Posted July 10, 2007 Author Report Share Posted July 10, 2007 These are the euro conversion rates for Cyprus and Malta that the Council agreed upon today: Cyprus pound: 1 EUR = 0.585274 CYP http://ec.europa.eu/economy_finance/public...a_cyprus_en.htm Maltese lira: 1 EUR = 0.429300 MTL http://ec.europa.eu/economy_finance/public...ea_malta_en.htm Not exactly surprising after all: The final rates are the same as the central ERM-II rates ... Christian Link to comment Share on other sites More sharing options...
Johnny 1989 Posted July 12, 2007 Report Share Posted July 12, 2007 After returning from Cyprus just this morning & experiencing their outgoing coins I have to say it's a shame they didn't use the design that was on the 50p coin. I managed to get one of each design (1p-50p) & will try to scan these later, along with a £1, £5 & £10 note. I will, of course make a seperate thread rather than hijack this one Link to comment Share on other sites More sharing options...
tabbs Posted July 12, 2007 Author Report Share Posted July 12, 2007 After returning from Cyprus just this morning & experiencing their outgoing coins I have to say it's a shame they didn't use the design that was on the 50p coin. Yep, that is a very nice one. Problem is, the main part of the design shows Europa on the Bull (Zeus). And that is what Greece has on the €2 coins ... Christian Link to comment Share on other sites More sharing options...
Johnny 1989 Posted July 12, 2007 Report Share Posted July 12, 2007 Yep, that is a very nice one. Problem is, the main part of the design shows Europa on the Bull (Zeus). And that is what Greece has on the €2 coins ... Christian Ah I have just seen it, prefer the Cypriot version though, glad I got a few of them. BTW Tabbs, not sure if you know at all or not, but why did they change the 20p from the bird (partridge?) to a head of that male (don't know who he is)? Link to comment Share on other sites More sharing options...
tabbs Posted July 12, 2007 Author Report Share Posted July 12, 2007 Ah I have just seen it, prefer the Cypriot version though, glad I got a few of them. BTW Tabbs, not sure if you know at all or not, but why did they change the 20p from the bird (partridge?) to a head of that male (don't know who he is)? As for why they changed that, I have no idea. The newer coin shows the philosopher Zeno who was born in Cyprus http://en.wikipedia.org/wiki/Zeno_of_Citium The design may have been inspired by the philosophers on some Greek drachma circulation coins. Just checked my catalog; it says that the Cyprus 50 cent coin shows Europa as depicted on a coin from the 4th century BC (city-kingdom of Marion). The name of king Timocharis, in syllable script, appears on the coin. The scene on the Greek coin was designed after a mosaic from Sparta. Christian Link to comment Share on other sites More sharing options...
Scottishmoney Posted July 12, 2007 Report Share Posted July 12, 2007 Sad to see Cypriot banknotes go, I have always loved their designs. Link to comment Share on other sites More sharing options...
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