In 2007 What Was The Currency Of Cyprus?

What was Cyprus currency before the Euro?

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 currency is used on Cyprus?

The currency of Cyprus is the Euro. You can use ATMs, debit and credit cards as normal. If you’re found with fake euro banknotes the police will be called and you may be prosecuted.

When did Cyprus switch to euro?

Cyprus joined the European Union in 2004 and adopted the euro on 1 January 2008.

What was the exchange rate in 2012?

Average exchange rate in 2012: 1.0005 USD. Worst exchange rate: 0.9599 USD on 03 Jun 2012.

What was Canadian dollar worth in 2013?

Best exchange rate: 1.0169 USD on 10 Jan 2013. Average exchange rate in 2013: 0.971 USD. Worst exchange rate: 0.9332 USD on 18 Dec 2013.

Can I use dollars in Cyprus?

The Republic’s unit of currency is the euro (€). Most shops and hotels in Northern Cyprus accept hard currencies such as UK pounds, US dollars and euros.

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How safe is Cyprus?

But despite the conflict that has plagued the region, and has left it in a state of political uncertainty, Cyprus is considered a very safe area to visit, with very little violent crime.

What is the minimum wage in Cyprus?

Cyprus has no general minimum wage requirement. However,a minimum wage rate or €870 per month is required for shop assistants,nurses’ assistants,clerks,hairdressers,and nursery assistants. The minimum wage rises to €924 after six months’ employment.

What is the language of Cyprus?

The official languages of the Republic of Cyprus are Greek and Turkish. In Northern Cyprus, Turkish was made the only official language by the 1983 constitution. The everyday spoken language (vernacular) of the majority of the population is Cypriot Greek, and that of Turkish Cypriots is Cypriot Turkish.

Did Cyprus use pounds?

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 rate of £0.585274 Cyp = €1. However, pound banknotes and coins continued to have legal tender status and were accepted for cash payments until 31 January 2008.

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