Cypriot pound

Cypriot pound
Λίρα Κύπρου (Greek)
£1Cyp
ISO 4217
CodeCYP
Unit
Pluralpounds
λίρες  (Greek)
Symbol£ (or £ Cyp for distinction)
Denominations
Subunit
 ​1100cent
σεντ  (Greek)
sent  (Turkish)
 ​11000mil (₥)
Plural
cent
σεντ  (Greek)
sent  (Turkish)
cents
σεντ  (Greek)
Banknotes£1Cyp, £5Cyp, £10Cyp, £20Cyp
Coins
 Freq. used1c, 5c, 10c, 20c, 50c
 Rarely used2c
Demographics
User(s)None, previously:
 Cyprus
Akrotiri and Dhekelia
Issuance
Central bankCentral Bank of Cyprus
 Websitewww.centralbank.cy
Valuation
Inflation2.8%
 SourceThe World Factbook, 2005 est.
EU Exchange Rate Mechanism (ERM)
Since2 May 2005
Fixed rate since7 December 2007
Replaced by euro, cash1 January 2008
1 € =£0.585274Cyp
Bandpegged in practice, 15% de jure

The Cypriot pound, also known as the Cypriot lira (Greek: λίρα, plural λίρες, and Turkish: lira, Ottoman Turkish: لیره, from the Latin libra through the Italian lira), was the national currency used in Cyprus until December 31, 2007. It was replaced by the euro in Cyprus and Malta on January 1, 2008 at a fixed exchange rate of 0.585274 pound per euro.

In the Turkish Republic of Northern Cyprus, which is only recognized by Turkey, the Turkish lira is used as the currency since 1974.

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