Cyprus currency

• The Cypriot pound (CYP) was the official currency of the Republic of Cyprus from 1963 until 2008, when it changed over to the euro. • During this period, the pound was pegged at par to the British pound until 1972, when it became pegged to the dollar. • While the pound and subsequently the euro have been legal tender in the southern, Greek-speaking side of this contested island, the Turkish lira is commonly used in the north. Understanding the Cypriot Pound The Cypriot pound was the official currency for Cyprus prior to its membership in the A Divided Cyprus Britain annexed Cyprus as a colony following the breakup of the Ottoman Empire in 1925. The nation's inhabitants, however, generally have viewed themselves as either ethnically Greek or Turkish, leading to periods of civil unrest. Greek Cypriots have periodically called for the country to unite with Greece, while Turkish Cypriots have traditionally demanded that the country either unite with Turkey or that the northern part of the country secede. The republic received independence from England in 1960 and almost immediately plunged into periodic violence between Greek and Turkish elements. A coup backed by the U.S. and Greece attempted to assassinate the Cypriot president in 1974 and the resultant fight led to the country's division as Turkish forces entered the northern part of the island. Turkish Cypriots attempted to formalize the division in 1983, when they declared themselves the Turkish Republic of Northern Cyp...

As of January 1st 2008, the Cyprus national currency is the EURO. Before this date the Cyprus Pound (CYP) was the official currency of Cyprus. On 10 July 2007 the EU Finance Ministers decided to set permanent exchange rate, EUR 1.00 = CYP 0.585274. Exchange rates Check out today's exchange rates for foreign currency. The latest exchange rates of the EURO against all major currencies as taken by the Bank of Cyprus dealing room. FOREIGN EXCHANGE RATES (1 EUR) FOREIGN BANK NOTES RATES (1 EUR) Currency Buying Cheques Buying Electronic Transfer Selling Electronic Transfer & Cheques Buying Selling CHF 0.9962 0.9865 0.9669 1.0227 0.9483 GBP 0.8727 0.8642 0.847 0.8959 0.8365 JPY 156.0243 154.4947 151.4354 160.1697 148.5137 USD 1.105 1.0942 1.0725 1.1344 1.0592 AED 4.0683 4.0385 3.9191 4.1447 3.8256 AUD 1.629 1.617 1.5693 1.6596 1.5318 BHD 0 0 0 0 0 CAD 1.4768 1.466 1.4227 1.5046 1.3887 CNY 0 7.8827 7.6498 0 0 CZK 24.6881 24.2413 23.2907 24.757 22.851 DKK 7.6198 7.5639 7.3403 7.7629 7.1652 EGP 0 0 0 0 32.1867 HKD 8.6677 8.6042 8.3498 8.8305 8.1506 HUF 390.433 380.5481 371.1519 391.5229 361.3798 ILS 3.9715 3.9424 3.8258 4.0461 3.7346 INR 0 0 0 0 0 JOD 0 0 0 0.8006 0.7389 KWD 0.3403 0.3378 0.3278 0 0 NOK 11.7598 11.6736 11.3285 11.9806 11.0583 NZD 0 0 0 0 0 OMR 0 0 0 0.4339 0.4005 PLN 4.6416 4.5241 4.4123 4.6545 4.2962 QAR 0 0 0 4.2325 3.7973 RON 5.1519 5.0586 4.8603 5.2759 4.7685 RUB 0 0 0 0 0 SAR 4.1542 4.1237 4.0018 4.2322 3.9064 SCP 0 0 0 0.8913 0.8227 SEK 11.8947 11.8075 11.4585...

Table of Contents • • • • • • • What was the old Cyprus currency? Cypriot pound The Cypriot pound (CYP) was the official currency of the Republic of Cyprus from 1963 until 2008, when it changed over to the euro. During this period, the pound was pegged at par to the British pound until 1972, when it became pegged to the dollar. What was Cyprus currency before the Euro? Cyprus pound Prior to the introduction of the euro, the monetary unit of the Republic of Cyprus was the Cyprus pound which was initially divided into 1.000 mils. In 1983 the mil was replaced by the cent and the Cyprus pound became denominated into 100 cent. What year did Cyprus start using the euro? 2008 Cyprus joined the European Union in 2004 and adopted the euro on 1 January 2008. Why did Cyprus adopt the euro? In an effort to speed the smooth transition from the national currency to the new one, prior to the introduction date the EU distributed many euro converters to households in the two nations. The three British military bases that still exist on the island of Cyprus also had to adopt the euro. When did Cyprus stop using pounds? 1 January 2008 The Cypriot pound was introduced in 1879 and was equal in value to the pound sterling. It had remained at that value until 1972, some twelve years after Cyprus gained independence from the United Kingdom…. Cypriot pound Since 2 May 2005 Fixed rate since 7 December 2007 Replaced by €, cash 1 January 2008 € = £0.585274Cyp How much is a Cyprus pound worth? 1 Briti...

The currency in Cyprus is the euro. As the official legal tender in Cyprus, the euro is officially recognized by the Cypriot government, meaning you can use it to settle all financial obligations in the country, including paying for goods, services, taxes, and debts. Besides the euro, no other currency is officially accepted in Cyprus. There are a couple of reasons why you might be interested to find out the currency in Cyprus. Click on the reason that best applies to you below to find out more: • • • • Travelling to Cyprus With its different currency, banking system, and money customs, figuring out the best way to pay in Cyprus if you travel there can be tricky. Fortunately, many forms of payments have become ubiquitous around the globe, including: • Credit cards: Cards from VISA and Mastercard are accepted in Cyprus, especially in touristy establishments. • Debit cards: Debit cards linked to your bank account let you make purchases at point-of-sale terminals and withdraw cash. • Cash: Having some euro banknotes could help for small purchases, tipping, and emergencies. You can typically exchange currency at a bank or exchange bureau before or upon arrival. • Mobile payments: Mobile payment services like Apple Pay, Google Pay, or Alipay are an increasingly popular way to pay, but you'll need to check beforehand how available these methods are in Cyprus. • Prepaid travel cards: A reloadable debit card with a euro balance can give you good value, security, and convenience. O...

This Cypriot Pound and United States Dollar convertor Enter the amount to be converted in the box to the left of Cypriot Pound. Use "Swap currencies" to make United States Dollar the default currency. Click on United States Dollars or Cypriot Pounds to convert between that currency and all other currencies. The Cypriot Pound is the currency in Cyprus (CY, CYP). The United States Dollar is the currency in American Samoa (AS, ASM), British Virgin Islands (VG, VGB, BVI), El Salvador (SV, SLV), Guam (GU, GUM), Marshall Islands (MH, MHL), Micronesia (Federated States of Micronesia, FM, FSM), Northern Mariana Islands (MP, MNP), Palau (PW, PLW), Puerto Rico (PR, PRI), United States (United States of America, US, USA), Turks and Caicos Islands (TC, TCA), Virgin Islands (VI, VIR), Timor-Leste, Ecuador (EC, ECU), Johnston Island, Midway Islands, and Wake Island. The United States Dollar is also known as the American Dollar, and the US Dollar. The symbol for CYP can be written C. The symbol for USD can be written $. The Cypriot Pound is divided into 100 cents. The United States Dollar is divided into 100 cents. The exchange rate for the Cypriot Pound was last updated on August 23, 2018 from Bloomberg. The exchange rate for the United States Dollar was last updated on June 14, 2023 from The International Monetary Fund. The CYP conversion factor has 4 significant digits. The USD conversion factor has 6 significant digits. CYP USD coinmill.com 0.50 0.94 1.00 1.89 2.00 3.77 5.00 9.44 10....