what currencies are used in cyprus
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 Â±15% per euro.A formal application to adopt the euro was submitted on 13 February 2007.he British introduced the pound sterling unit to Cyprus in 1879 at a rate of one to 180 Turkish piastres. It remained equal in value to the pound sterling until 1972 and was initially divided into 20 shillings (ÏÎµÎ»Î¯Î½Î¹ / ÏÎµÎ»Î¯Î½Î¹Î±, Åilin).