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The pound, or lira (Greek: λίρα, plural λίρες, and Turkish: lira, Ottoman Turkish: لیره, from the Latin libra via the Italian lira; sign: £, sometimes £C [1] for distinction), was the currency of Cyprus, including the Sovereign Base Areas in Akrotiri and Dhekelia, [2] [3] from 1879 to 2007, when the Republic of Cyprus adopted the euro.
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 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
Following the accession of the Republic of Cyprus to the European Union in 2004, the Central Bank of Cyprus became a member of the Eurozone group of central banks in 2008, when the island converted from using the Cyprus pound to the euro currency. [7] The Central Bank of Cyprus is responsible for supervising financial institutions in Cyprus ...
The Bank of Cyprus currently operates 58 branches (3 of which are cash offices not offering loans) or business offices across the Republic of Cyprus.The group also has representative offices in Romania (€33 million net exposure as of 2007), Greece (€309 million exposure as of 2007), Russia (€21 million net exposure as of 2007), [4] Ukraine, and China.
These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies (e.g., the U.S. dollar, the euro, the pound sterling, the Japanese yen, the Swiss franc, the Indian rupees and the Chinese renminbi) and which are used to back its liabilities (e.g., the local ...
The Central Bank of the Turkish Republic of Northern Cyprus (Turkish: Kuzey Kıbrıs Türk Cumhuriyeti Merkez Bankası), is the central bank of Northern Cyprus. It was established on 16 May 1983. Northern Cyprus uses the Turkish lira as currency and the main central banking functions are provided by the Central Bank of the Republic of Turkey.
Template to convert other currencies into United States dollars, by year, based on information from the International Monetary Fund Template parameters [Edit template data] Parameter Description Type Status Amount 1 value in foreign currency to convert to USD Example 22816 Number required Country code 2 country ISO 3166-1 alpha-3 country code Example MEX Line required year year Year to convert ...
Cyprus, together with Malta, joined the eurozone on 1 January 2008. On 3 December 2007, the Central Bank of Cyprus issued mini-starter packs and business kits, so that Cypriots would have enough euro cash before €-Day. [4] [5] Forty thousand starter kits, worth €172 each, were available for businesses, but only 22,000 were sold.