500 Mils / Mil CYP Banknote (1961 Republic of Cyprus Issue) 1961

500 Mils / Mil Cypriot Pound (Issued 1961)

The 500 Mils banknote was withdrawn from circulation in 1961 following the establishment of the Republic of Cyprus and its adoption of a new independent currency system. This denomination represented an early issue in the newly formed nation’s monetary programme, issued during the critical period when Cyprus transitioned from British colonial administration to sovereign statehood. The note remained in circulation for several decades before being superseded by higher denominations and subsequent currency reforms. Today, surviving examples of this 1961 issue represent an important historical record of Cyprus’s early independence era.

On the front, the banknote displays a predominantly pale green and cream colour palette with intricate guilloché patterning throughout the background. The denomination “500” appears in the upper left and right corners within rectangular frames. The issuing authority text reads “ΚΥΠΡΙΑΚΗ ΔΗΜΟΚΡΑΤΙΑ CUMHURIYET” (Republic of Cyprus in Greek and Turkish), with “ΠΕΝΤΑΚΟΣΙΑ ΜΙΛΣ” and “BES YÜZ MIL” indicating the five hundred mils value in both languages. A large ornamental sunburst or radiating circular motif is positioned on the left side, whilst the national shield of Cyprus appears prominently on the right, featuring a white dove design within a decorative wreath. The serial number “A 146817” is printed twice on the note in black text. A handwritten signature with the date “1.12.1961” appears in the lower left portion. Fine dotted borders frame the note’s edges with decorative rosette designs.

The reverse presents a scenic landscape engraving in green tones depicting a rural Cypriot vista with tall cypress trees lining both sides of a central pathway or road. Mountains are visible in the distant background, and stone structures can be seen on the right side of the composition. The text “Republic of Cyprus” is printed across the upper portion in Roman lettering, whilst “Five Hundred Mils” appears in English in the lower left corner. The entire reverse design is enclosed within an ornamental border formed by a continuous pattern of small circular decorative elements. The engraving style reflects classical banknote design principles with careful attention to fine line work and tonal gradation creating depth within the landscape.

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• Indicate the quantity of 500 Mils / Mil Cypriot Pound banknotes you want to exchange
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• Your online account now shows the exchange value

Webuyallcurrency.com brings all your foreign currency together: exchange or sell Cypriot Pounds banknotes and other old, withdrawn or modern coins and notes for cash, with no specialist knowledge needed.