Cyprus pound - Revision history

Dutch Eagle: /* Toward euro */Dates to Phantis-style.

2020-05-19T18:17:57Z

Toward euro: Dates to Phantis-style.

Dutch Eagle: Date to Phantis-style.

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Date to Phantis-style.

Irlandos at 20:36, March 7, 2012

2012-03-07T20:36:01Z

Irlandos at 20:32, March 7, 2012

2012-03-07T20:32:37Z

Irlandos at 20:32, March 7, 2012

2012-03-07T20:32:15Z

Irlandos at 20:31, March 7, 2012

2012-03-07T20:31:42Z

Irlandos at 10:38, January 1, 2008

2008-01-01T10:38:22Z

Irlandos at 10:35, January 1, 2008

2008-01-01T10:35:13Z

Irlandos: /* References */

2008-01-01T10:29:27Z

References

Irlandos: New page: The '''pound''', also known as the '''lira''' (Greek: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of Cyprus, i...

2008-01-01T10:29:08Z

New page: The '''pound''', also known as the '''lira''' (Greek: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of Cyprus, i...

New page

The '''pound''', also known as the '''lira''' ([[Greek language|Greek]]: ''λίρα'' / plural ''λίρες'' and [[Turkish language|Turkish]]: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>{{cite web | url=http://www.sba.mod.uk/web_pages/appdx-o.htm | title=Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area | accessdate=2006-10-09}}</ref><ref>{{cite web | author=British Forces Cyprus | url=http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm | title=A Cyprus Posting: Financial Information|accessdate=2006-10-09}}</ref> until the end of [[2007]], when the areas adopted the euro. However, the self-proclaimed "Turkish Republic of Northern Cyprus" used and still uses on the official level the Turkish new lira.

The Cyprus 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 CYP 0.585274 per EUR 1.00.

==History==
The pound was introduced in [[1879]]. It was equal in value to the pound sterling until [[1960]] and was initially divided into 20 ''shillings'' (''σελίνι'' / ''σελίνια'', ''şilin''). However, unlike sterling, the shilling was divided into 9 ''piastres'' (''γρόσι'' / ''γρόσια'', ''kuruş''), thus establishing a nomenclature link to the previous currency, the Turkish lira, which was divided into 100 kuruş, also known as piastres. The piastre was itself divided into 40 ''para'' (like the kuruş). The para denomination did not appear on any coins or banknotes but was used on postage stamps.

In [[1955]], Cyprus decimalized with 1000 ''mils'' (''μιλς'', ''mil'') to the pound. Colloquially, the 5 mil coin was known as a "piastre" (not an exact equivalence) and the 50 mil coin as a "shilling" (an exact equivalence). The subdivision was changed to 100 ''cents'' (''σεντ'', ''sent'') to the pound in [[1983]]. At that time, the smallest coin still in circulation was that of 5 mils. This was renamed as ½ cent, but soon was abolished. Mil-denominated coins are no longer legal tender.

Towards the end of the Cypriot pound era some cashiers omitted the 1 and 2 cents coins from the change they gave. Many owner operated businesses, though, often rounded down the net amount to be paid to the nearest multiple of 5 cents.

===Toward euro===
The Cyprus national currency was replaced by the [[euro]] on [[1 January]] [[2008]]. The currency entered the Exchange Rate Mechanism II on [[2 May]] [[2005]] and it was limited within the band of CYP 0.585274 ±15% per euro. A formal application to adopt the euro was submitted on [[13 February]] [[2007]]. On [[May 16]], [[2007]] Cyprus (along with Malta) won the
European Commission's approval for this<ref>{{cite news | first= | last= | coauthors= | title=Cyprus, Malta win green light to adopt euro in 2008 | date=Wed May 16 2007 | publisher=Yahoo! News | url =http://news.yahoo.com/s/afp/20070516/ts_afp/eueurozoneforexeuro_070516105357 | work =[[Agence France Presse]] | pages = | accessdate = 2007-05-16 | language = }}</ref> and was confirmed by the European Parliament on [[20 June]] [[2007]] and the EU leaders on [[21 June]] [[2007]]. The permanent exchange rate, EUR 1.00 = CYP 0.585274, was decided by the EU Finance Ministers on [[10 July]] [[2007]].<ref>{{cite web|url=http://www.europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1040&format=HTML&aged=0&language=EN&guiLanguage=en |title=Commission hails approval of the adoption of the euro in Cyprus and Malta |publisher=European Commission |work=europa.eu |accessdate=2007-12-17}}</ref> From [[12 July]] [[2007]] to [[5 December]] [[2007]], the exchange rate remained at 0.5842. Since [[7 December]] [[2007]], the rate has been fixed at the irrevocable rate, € = £0.585274.<ref>{{cite web | author= European Central Bank | url= http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-cyp.en.html | title= Euro exchange rates CYP | accessdate=2007-12-17}}</ref>

In Summer 2006, the [[Bank of Cyprus]] started including on its statements the indicative balance in euros. The Cyprus Telecommunications Authority followed suit with its bills two months later. A small number of shops also showed indicative euro totals on their receipts. By late Autumn 2006, the number of banks and shops offering indicative euro equivalents on their statements and pricing had increased significantly.

===Euro changeover===
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 per 1 euro.
However, pound banknotes and coins will continue to have legal tender status and will be accepted for cash payments until [[31 January]] [[2008]]. Cypriot pounds will be convertible free of charge at Cypriot credit institutions until [[30 June]] [[2008]].
CYP coins will be convertible at the [[Central Bank of Cyprus]] until [[31 December]] [[2009]] and CYP banknotes until [[31 December]] [[2017]].

==Coins==

===Predecimal===
In 1879, copper coins were introduced in denominations of ¼, ½, and 1 piastre. The Greek-Cypriots called the first of these coins the δεκάρα (dekara —from the Greek word ''deka'' that means ten), referring to its equivalence to 10 para. The Greek name for the ½ piastre coin was εικοσάρα (eikosara —from the Greek ''eikosi'' that means twenty). These coins were followed, in 1901, by silver 3, 4½, 9 and 18 piastres, the last two being equal to 1 and 2 shillings. The 3 piastres was only issued that year. The ¼ piastre was last struck in 1926. In 1934, scalloped-shaped ½ and 1 piastre coins were introduced struck in cupro-nickel, changing to bronze in 1942. In 1947, cupro-nickel 1 and 2 shillings replaced the silver coins. The last piastre and shilling coins were issued in 1949.

===Decimal - mils===
In 1955, 3, 5, 10, 25, 50 and 100 mils coins were introduced, with the lowest two struck in bronze and the others in cupro-nickel. In 1963, dodecagonal, aluminium 1 mil coins were introduced, following the discontinuation of the 3 mils coin. Dodecagonal, aluminium 5 mils coins were introduced in 1981.

===Decimal - cents===
In 1983, coins were introduced for ½, 1, 2, 5, 10 and 20 cents, with the ½ cent the same size and composition as the earlier 5 mils coins. The other coins were struck in nickel-brass. The ½ cent was only struck in 1983. In 1991, cupronickel, curved-equilateral-heptagonal 50 cents coins were introduced.

==Banknotes==
===Predecimal===
In 1914, the government issued emergency notes in denominations of 10 shillings, and 1 and 5 pounds. Regular type notes were issued from 1917 and on. Notes for 5 and 10 shillings, and 1 and 10 pounds were introduced that year, followed by 1 and 2 shillings in 1920 and 5 pounds in 1926. Denominations below 10 shillings were not issued after 1920 but were reintroduced in 1939, with 3 piastres issued between 1943 and 1944. The 1 and 2 shillings notes were replaced by new coins in 1947.

===Decimal - mils===
In 1955, the 5 and 10 shillings notes were replaced by 250 and 500 mils notes. The [[Central Bank of Cyprus]] took over the issuance of paper money in 1964, introducing 10 pounds notes in 1977. Notes for 250 mils ceased production in 1982, shortly before the cent was introduced.

===Decimal - cents===
In 1983, 50 cents notes replaced the 500 mils notes, with 20 pounds notes added in 1992.

==See also==
* [[Economy of Cyprus]]

==References==
<reference/>
{{refbegin}}
*{{numis cite SCWC | date=1991}}
*{{numis cite SCWPM | date=1994}}
{{refend}}

==External links==

{{Credit wikipedia}}

[[Category:Currency]]

@@ Line 12: / Line 12: @@
 ===Toward euro===
-The Cyprus national currency was replaced by the [[euro]] on [[1 January]] [[2008]]. The currency entered the Exchange Rate Mechanism II on [[2 May]] [[2005]] and it was limited within the band of CYP 0.585274 ±15% per euro. A formal application to adopt the euro was submitted on [[13 February]] [[2007]]. On [[May 16]], [[2007]] Cyprus (along with Malta) won the
+The Cyprus national currency was replaced by the [[euro]] on [[January 1]], [[2008]]. The currency entered the Exchange Rate Mechanism II on [[May 2]], [[2005]] and it was limited within the band of CYP 0.585274 ±15% per euro. A formal application to adopt the euro was submitted on [[February 13]], [[2007]]. On [[May 16]], [[2007]] Cyprus (along with Malta) won the
-European Commission's approval for this and was confirmed by the European Parliament on [[20 June]] [[2007]] and the EU leaders on [[21 June]] [[2007]]. The permanent exchange rate, EUR 1.00 = CYP 0.585274, was decided by the EU Finance Ministers on [[10 July]] [[2007]].<ref>[http://www.europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1040&format=HTML&aged=0&language=EN&guiLanguage=en Commission hails approval of the adoption of the euro in Cyprus and Malta 2007-12-17]</ref> From [[12 July]] [[2007]] to [[5 December]] [[2007]], the exchange rate remained at 0.5842. Since [[7 December]] [[2007]], the rate has been fixed at the irrevocable rate, €&nbsp;=&nbsp;£0.585274.<ref> [http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-cyp.en.html Euro exchange rates CYP 2007-12-17]</ref>
+European Commission's approval for this and was confirmed by the European Parliament on [[June 20]], [[2007]] and the EU leaders on [[June 21]], [[2007]]. The permanent exchange rate, EUR 1.00 = CYP 0.585274, was decided by the EU Finance Ministers on [[July 10]], [[2007]].<ref>[http://www.europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1040&format=HTML&aged=0&language=EN&guiLanguage=en Commission hails approval of the adoption of the euro in Cyprus and Malta 2007-12-17]</ref> From [[July 12]], [[2007]] to [[December 5]], [[2007]], the exchange rate remained at 0.5842. Since [[December 7]], [[2007]], the rate has been fixed at the irrevocable rate, €&nbsp;=&nbsp;£0.585274.<ref> [http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-cyp.en.html Euro exchange rates CYP 2007-12-17]</ref>
 In Summer 2006, the [[Bank of Cyprus]] started including on its statements the indicative balance in euros. The Cyprus Telecommunications Authority followed suit with its bills two months later. A small number of shops also showed indicative euro totals on their receipts. By late Autumn 2006, the number of banks and shops offering indicative euro equivalents on their statements and pricing had increased significantly.

@@ Line 2: / Line 2: @@
 The '''pound''', also known as the '''lira''' ([[Greek language|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro.
-The Cyprus 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 CYP 0.585274 per EUR 1.00.
+The Cyprus pound was replaced by the [[euro]] as official currency of the [[Republic of Cyprus]] on [[January 1]], [[2008]] at the irrevocable fixed exchange rate of CYP 0.585274 per EUR 1.00.
 ==History==

← Older revision		Revision as of 20:36, March 7, 2012
Line 1:		Line 1:
−	[[Image:Cyprus-pound.jpg\|thumb\|400px\|]]	+	[[Image:Cyprus-pound.jpg\|thumb\|400px\|The last one-pound note prior to the 2008 switch to the euro]]
	The '''pound''', also known as the '''lira''' ([[Greek language\|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information\|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro.		The '''pound''', also known as the '''lira''' ([[Greek language\|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information\|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro.

← Older revision		Revision as of 20:32, March 7, 2012
Line 1:		Line 1:
−	[[Image:Cyprus-pound.jpg\|thumb\|~~200px~~\|]]	+	[[Image:Cyprus-pound.jpg\|thumb\|400px\|]]
	The '''pound''', also known as the '''lira''' ([[Greek language\|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information\|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro.		The '''pound''', also known as the '''lira''' ([[Greek language\|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information\|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro.

← Older revision		Revision as of 20:32, March 7, 2012
Line 1:		Line 1:
−	[[Image:Cyprus-pound.jpg\|thumb\|200px~~\|left~~\|]]	+	[[Image:Cyprus-pound.jpg\|thumb\|200px\|]]
	The '''pound''', also known as the '''lira''' ([[Greek language\|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information\|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro.		The '''pound''', also known as the '''lira''' ([[Greek language\|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information\|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro.

← Older revision		Revision as of 20:31, March 7, 2012
Line 1:		Line 1:
−	The '''pound''', also known as the '''lira''' ([[Greek language\|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information\|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro~~. However, the self-proclaimed "Turkish Republic of Northern Cyprus" used and still uses on the official level the Turkish new lira~~.	+	[[Image:Cyprus-pound.jpg\|thumb\|200px\|left\|]]
		+	The '''pound''', also known as the '''lira''' ([[Greek language\|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information\|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro.

	The Cyprus 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 CYP 0.585274 per EUR 1.00.		The Cyprus 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 CYP 0.585274 per EUR 1.00.

@@ Line 1: / Line 1: @@
-The '''pound''', also known as the '''lira''' ([[Greek language|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[url=http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro. However, the self-proclaimed "Turkish Republic of Northern Cyprus" used and still uses on the official level the Turkish new lira.
+The '''pound''', also known as the '''lira''' ([[Greek language|Greek]]: ''λίρα'' / plural ''λίρες'' and Turkish: ''lira''), was the currency of [[Cyprus]], including the "Sovereign" Base Areas in [[Akrotiri]] and [[Dhekelia]],<ref>[http://www.sba.mod.uk/web_pages/appdx-o.htm Appendix O to the Treaty of Establishment, Declaration by Her Majesty's Government regarding the administration of the sovereign base area]</ref> <ref>[http://www.mod.uk/DefenceInternet/DefenceFor/ServiceCommunity/ACyprusPosting/CyprusGuide/FinancialInformation.htm A Cyprus Posting: Financial Information|accessdate=2006-10-09]</ref> until the end of [[2007]], when the areas adopted the euro. However, the self-proclaimed "Turkish Republic of Northern Cyprus" used and still uses on the official level the Turkish new lira.
 The Cyprus 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 CYP 0.585274 per EUR 1.00.
@@ Line 12: / Line 12: @@
 ===Toward euro===
 The Cyprus national currency was replaced by the [[euro]] on [[1 January]] [[2008]]. The currency entered the Exchange Rate Mechanism II on [[2 May]] [[2005]] and it was limited within the band of CYP 0.585274 ±15% per euro. A formal application to adopt the euro was submitted on [[13 February]] [[2007]]. On [[May 16]], [[2007]] Cyprus (along with Malta) won the
-European Commission's approval for this and was confirmed by the European Parliament on [[20 June]] [[2007]] and the EU leaders on [[21 June]] [[2007]]. The permanent exchange rate, EUR 1.00 = CYP 0.585274, was decided by the EU Finance Ministers on [[10 July]] [[2007]].<ref>[url=http://www.europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1040&format=HTML&aged=0&language=EN&guiLanguage=en Commission hails approval of the adoption of the euro in Cyprus and Malta 2007-12-17]</ref> From [[12 July]] [[2007]] to [[5 December]] [[2007]], the exchange rate remained at 0.5842. Since [[7 December]] [[2007]], the rate has been fixed at the irrevocable rate, €&nbsp;=&nbsp;£0.585274.<ref>{{cite web | author= European Central Bank | url= http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-cyp.en.html | title= Euro exchange rates CYP | accessdate=2007-12-17}}</ref>
+European Commission's approval for this and was confirmed by the European Parliament on [[20 June]] [[2007]] and the EU leaders on [[21 June]] [[2007]]. The permanent exchange rate, EUR 1.00 = CYP 0.585274, was decided by the EU Finance Ministers on [[10 July]] [[2007]].<ref>[http://www.europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1040&format=HTML&aged=0&language=EN&guiLanguage=en Commission hails approval of the adoption of the euro in Cyprus and Malta 2007-12-17]</ref> From [[12 July]] [[2007]] to [[5 December]] [[2007]], the exchange rate remained at 0.5842. Since [[7 December]] [[2007]], the rate has been fixed at the irrevocable rate, €&nbsp;=&nbsp;£0.585274.<ref> [http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-cyp.en.html Euro exchange rates CYP 2007-12-17]</ref>
 In Summer 2006, the [[Bank of Cyprus]] started including on its statements the indicative balance in euros. The Cyprus Telecommunications Authority followed suit with its bills two months later. A small number of shops also showed indicative euro totals on their receipts. By late Autumn 2006, the number of banks and shops offering indicative euro equivalents on their statements and pricing had increased significantly.
@@ Line 47: / Line 47: @@
 ==References==
 <references/>
-{{refbegin}}
 ==External links==