Information on currency : Cypriot pound

Page last updated on December 9, 2023

Currency code (ISO 4217):

CYP

Numeric code:

196

Currency symbol:

Subunit (quantity):

Cents (100)

Country or territory:

Cyprus (CY)

Status:

No longer in use

Replaced by

Euro (EUR)

Exchange rate mechanism:

Monetary authority:

(created: )

The Cypriot Pound was the official currency of Cyprus before the country adopted the Euro. It was in use from 1879 to 2008.

The Cypriot Pound was introduced during the colonial period in 1879. It was replaced by the Euro on January 1, 2008, when Cyprus, along with several other European countries, adopted the common currency.

Subunits

The Cypriot Pound was divided into 100 cents.

Coins and Banknotes

The Cypriot Pound had various denominations of coins and banknotes. Coins were issued in cents and pounds, while banknotes were issued in various denominations.

Euro Adoption

Cyprus adopted the Euro on January 1, 2008. From this date, the Cypriot Pound ceased to be legal tender, and all transactions switched to the Euro.

Since the adoption of the Euro, the Cypriot Pound is no longer in circulation, and any remaining banknotes and coins are considered collector's items. The Euro is now the official currency used in Cyprus.

Exchange Rate

The exchange rate at which the Cypriot Pound was replaced by the Euro was fixed at 1 Euro = 0.585274 Cypriot Pounds.