Convert USA Dollars (USD) to Cyprus Pound CYP

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for USA Dollars (USD) to Cyprus Pound CYP today currency exchange ratio:

Date for today: Friday 18th of May 2012 05:15:54 AM
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Enter the unit of currency for which you are interested and click next table. If you enter 1 Cyprus Pound for example, you will receive its equivalent in Dollars, Euros, Dinars, Liras, Levs, Rubles etc. You can enter any arbitrary amount of currencies below. Rates are updated daily and accuracy is provide by Google gadgets.

Cyprus Pound (Cypriot pound), also known as the lira (Greek: λίρα / plural λίρες and Turkish: lira, from the Latin libra), was the currency of Cyprus, including the Sovereign Base Areas in Akrotiri and Dhekelia,until 31 December 2007, when the Republic of Cyprus (and Malta) adopted the euro. However, the self-proclaimed Turkish Republic of Northern Cyprus used and still uses on the official level the Turkish 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.

Cyprus Pound CYP

The Greek Cypriot economy is a prosperous one. In 2008 it was classified by the IMF amongst the 32 advanced economies of the world. The IMF forecasts that Cyprus will be the only developed economy to enjoy continuous growth rates through the 2009 financial crisis. Erratic growth rates in the 1990s reflect the economy's vulnerability to swings in tourist arrivals, caused by political instability on the island and fluctuations in economic conditions in Western Europe. From 1 January 2008, the country entered the Eurozone and adopted the euro and monetary policy is dictated by the European Central Bank. The irrevocable fixed exchange rate of CYP 0.585274 per EUR 1.00 was set.

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Banknotes of Cyprus Pounds - 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 continued to have legal tender status and were accepted for cash payments until 31 January 2008. Cypriot pounds were 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.

For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.

The 1992/1993 version of the £20 note was almost identical to the latest one in terms of design. However, it is often considered part of the 1987-1992 series despite the apparent look and feel difference. And like the rest of the 1987-1992 series, the 1992/1993 £20 note was officially withdrawn by the Central Bank a few years before the adoption of the euro.