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Euro Notes - no Cyprus, no Malta?


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In a few months, two new members may join the European Currency Union: The EU Council will decide in June or July whether Cyprus and/or Malta meet the convergence criteria. If the answer is Yes, some more people will soon start using euro cash - except they won't find their countries on the notes.

 

All euro notes have a geographic map of Europe on the reverse. However, neither Cyprus or Malta are depicted. In the case of Malta, the size is the problem: Islands smaller than ~400 km2 cannot be accurately printed on the notes, and the main island has ~250 km2. Cyprus would be big enough but is, geographically, in Asia rather than Europe. Thus none of the two can be found on the current euro notes.

 

Of course you cannot have every island on the notes and coins. :ninja: But if a relatively small island or archipelago is a member state by itself, it cannot be simply left out either. So the new (2007) euro coins do show Malta, maybe a little bigger than it actually is, and Cyprus, although not necessarily in the correction position.

 

The Maltese government would like to have the euro notes updated in a similar way. Problem is, according to the ECB schedule a new series with enhanced security features is planned for 2010 or so. We will see if an "intermediate" fix can be found. Would make sense.

 

Christian

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it seems malta can be added easily enough...but isn't cyprus out of map range? they'll have to redesign the whole map to include them, or redesign the sidebar to include them next to the small french territories.

 

...and as long as they're redesigning, maybe they can redesign the whole note. :ninja:

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Why would Cyprus want to replace this lovely design?

Dunno. The country can simply stay out of the currency union, then Cyprus could continue to use those notes. But it seems that is not what the government of Cyprus plans to do.

 

@San_Miguel98: If the map was moved a little further up and to the left, Cyprus could be displayed in its "correct" geographic position. Another option would be to make a box for the country, like the ones for Guyane etc. I would not really like that though ...

 

Christian

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  • 1 month later...
Is that a current banknote? That's nice if it is.

Yes, that is from the current series. The "cent" denominations are coins, the "pound/s" are notes.

http://www.centralbank.gov.cy/nqcontent.cfm?a_id=12

 

i really hope the UK doesn't get rid of the pound & considering we have an everlasting "get out of jail free card" (if you will) I think we'll keep the pound for a VERY long time

Sure, that is up to the British. I don't really care whether the UK, Hungary, Romania, etc. continue to use their current currencies or not. And the EU certainly does not force any member state into the currency union. On the contrary - see Sweden and Lithuania.

 

But in Cyprus and Malta the national governments apparently want to introduce the euro ASAP, so if they meet the convergence criteria, they can join. Seems that the European Central Bank and the European Commission will decide on 16 May ...

 

Christian

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