Stadt 25, 50 Pfennig, 1 Mark ND (1921) GRADING: UNC-
An island country in the Eastern Mediterranean and the third largest and third most populous island in the Mediterranean. It is located south of Turkey, west of Syria and Lebanon, northwest of Israel and Palestine, north of Egypt, and southeast of Greece. The Republic of Cyprus has de jure sovereignty over the entire island, including its territorial waters and exclusive economic zone, with the exception of the Sovereign Base Areas of Akrotiri and Dhekelia, which remain under British control according to the London and Zürich Agreements. However, the Republic of Cyprus is de facto partitioned into two main parts: the area under the effective control of the Republic, located in the south and west, and comprising about 59% of the island's area; and the north, administered by the self-declared Turkish Republic of Northern Cyprus, covering about 36% of the island's area. Another nearly 4% of the island's area is covered by the UN buffer zone. The international community considers the northern part of the island as territory of the Republic of Cyprus occupied by Turkish forces. Cyprus is a member of the European Union since 1 May 2004. On 1 January 2008, the Republic of Cyprus joined the eurozone. Capital: Nicosia. Currency: Euro (EUR).