Currency used in Cyprus

by Nick
(London UK )

What is Cyprus's currency now today in 2011 - is it Cyprus pound or the idiot Euro?

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Oct 23, 2011
 Cyprus currency
by: Helen (website owner)

The Euro has been the currency used in Cyprus since January 2008. Previously it was the Cyprus pound.

The exchange rate when it was CYP was 1 CYP = 1.2 GBP ie. 20% more. When Cyprus joined the Euro, the rate was set at 1 CYP to 1.71 Euros. At the time sterling was worth around 1.4 euros but now it's only 1.15 euros so everything seems expensive to British people compared to hwat it was 5 years ago.

That's true for those of us who live here too though.

Find more information about Cyprus money and get the best exchange rates.

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