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Cyprus Currency
On the first of January 2008, the Republic of Cyprus adopted the Euro as the official currency, replacing the Cyprus Pound. The irrevocable rate of exchange was set at 1 Euro = 0.585274 Cyprus pounds, with Cyprus pounds ceasing to be legal tender on the 31st January 2008.
The European Central Bank (ECB) is now responsible for all monetary matters affecting the Republic of Cyprus.
There are 8 denominations of Euro coins; 1cent, 2cents, 5cents,10cents,20cents,50cents, one and two Euros.
There are 7 denominations of Euro banknotes;5 Euros, 10 Euros, 20 Euros, 50 Euros, 100Euros, 200Euros and 500Euros.
Banknotes have different colours and sizes for each denomination. The Euro banknotes have a common appearance and common technical specifications.
There are three different national depictions on the national side of Euro coins, The Moufflon. The ship of Kyrenia and the Idol of Pomos.
A map of Europe is featured on the common side, signifying the unity of the European Union.
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