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The Cypriot pound was introduced in 1879 and was equal in value to one pound sterling. It remained at that value until 1972, some twelve years after Cyprus gained independence from the United Kingdom. The Cypriot pound was replaced by the euro as official currency of the Republic of Cyprus on 1 January 2008 at the irrevocable fixed exchange ...
Economy of Cyprus. All values, unless otherwise stated, are in US dollars. The economy of Cyprus is a high-income economy as classified by the World Bank, [3] and was included by the International Monetary Fund in its list of advanced economies in 2001. [1] [2] Cyprus adopted the euro as its official currency on 1 January 2008, replacing the ...
In effect, the Issuing Bank was a continuation of the former colonial Currency Board within the framework of the Constitution of the new Republic, but the Constitution gave the right to the Republic to convert it into a Central Bank if it chose to do so.
Cyprus [f] ( / ˈsaɪprəs / ⓘ ), officially the Republic of Cyprus, [g] is an island country in the eastern Mediterranean Sea, north of the Sinai Peninsula, south of the Anatolian Peninsula, and west of the Levant. It is geographically a part of West Asia, but its cultural ties and geopolitics are overwhelmingly Southeast European. Cyprus is the third-largest and third-most populous island ...
List of currencies in Europe. There are 29 currencies currently used in the 50 countries of Europe. All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 25 countries); any country entering the European Union (EU) is expected ...
The 2012–2013 Cypriot financial crisis was an economic crisis in the Republic of Cyprus that involved the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, the consequential inability to refund its state expenses from the ...
The coins of the Cypriot pound are part of the physical form of former Cypriot currency, the Cypriot pound. They have been issued since coming under British rule in 1878, until Cyprus' adoption of Euro in 2008.
The currency of Cyprus can refer to: Euro in the republic of Cyprus. Cypriot Pound used until 2008. Turkish lira in Turkish controlled Northern Cyprus.