No, Cyprus pounds are no longer legal tender. They were replaced by the euro in 2008.
Detailed response
Cyprus pounds were the currency of the Republic of Cyprus until they were replaced by the euro currency on January 1st, 2008. The European Central Bank (ECB) first approved Cyprus’ application to join the eurozone in 2007, and 2008 marked the official transition from the Cypriot pound to the euro.
According to the Central Bank of Cyprus, “As from January 1st, 2008, the euro became the legal tender currency of Cyprus, replacing the Cyprus pound. From that date on, the Central Bank of Cyprus is no longer obliged to exchange Cyprus pounds for euros.”
It is important to note that while Cyprus pounds are no longer legal tender, they can still be exchanged for euros at the Central Bank of Cyprus. However, this exchange is only available to individuals who can provide proof that they were in possession of the currency prior to January 2009.
As for interesting facts, the Cypriot pound was first introduced in 1879 when Cyprus was administered by the British Empire and was pegged to the British pound at a rate of one Cypriot pound to one British pound. Additionally, the design of the Cyprus pound banknotes featured notable individuals in Cypriot history such as Archbishop Makarios III and Kyprianos, the last Byzantine governor of Cyprus.
In conclusion, while Cyprus pounds may hold sentimental value to some, they are no longer a valid form of currency and have been replaced by the euro. As the saying goes, “Out with the old, in with the new.”
Here is a table comparing the Cypriot pound and the euro:
| Currency | Design |
|———-|:M—–:|
| Cypriot pound | Featured notable figures in Cypriot history |
| Euro | Depicts architecture from various periods in European history |
See a video about the subject.
The Cyprus Pound, also known as the lira, was introduced in 1879 at the rate of one pound to 180 Turkish piasters. It remained equal to the pound sterling until 1972, when it was decimalized. The subdivision changed to 100 cents to the pound in 1983 before eventually being replaced by the Euro in 2008 at an irrevocable fixed exchange rate. There were various coins and banknotes used as currency in Cyprus from 1901 until the adoption of the euro, with the last 20-pound note being withdrawn a few years before the transition to the Euro.
Some further responses to your query
Exchange Cypriot banknotes for cash today. And since Cyprus has now changed to the Euro you can’t spend your Cyprus Pounds in the country or exchange them at any banks in the UK.
Also people ask
Considering this, Are Cyprus pounds still valid? Response to this: The Cypriot Pound was the currency of Cyprus from 1879 until 2008, when it was replaced by the Euro. The internationally known unit of currency ‘pound’ is associated primarily with Britain, but exists, or existed, in many member countries of the Commonwealth, such as Cyprus. Cypriot Pounds are now obsolete.
Beside above, Where can I change old Cyprus pounds?
Response to this: Fees will be charged if the amount per customer and transaction exceeds CYP 1,000 for banknotes and CYP 50 for coins. Thereafter, it will still be possible to exchange Cyprus pound banknotes for ten years and coins for two years at the Central Bank of Cyprus.
Similar
What is the legal tender in Cyprus? In reply to that: the Euro
The currency of Cyprus is the Euro. You can use ATMs, debit and credit cards as normal. If you’re found with fake euro banknotes the police will be called and you may be prosecuted.
Similar
How much is a Cyprus pound worth?
Convert Cypriot Pound to British Pound
| CYP | GBP |
|---|---|
| 100 CYP | 145.674 GBP |
| 500 CYP | 728.371 GBP |
| 1,000 CYP | 1,456.74 GBP |
| 5,000 CYP | 7,283.71 GBP |
Accordingly, What is the currency of Cyprus? Response will be: The Cypriot Pound was the currency of Cyprus from 1879 until 2008, when it was replaced by the Euro. The internationally known unit of currency ‘pound’ is associated primarily with Britain, but exists, or existed, in many member countries of the Commonwealth, such as Cyprus. Cypriot Pounds are now obsolete.
Furthermore, How to convert Cypriot pounds to cash? To convert your Cypriot Pounds to cash, select the type of Cypriot Pounds you want to exchange: Cypriot Pound bank notes were issued by the Nicosia-based Central Bank of Cyprus. They became obsolete in 2008 when they were replaced by the Euro. We continue to exchange pre-Euro Cypriot Pound banknotes free of charge.
Also, Is the Cypriot pound obsolete?
Answer to this: The internationally known unit of currency ‘pound’ is associated primarily with Britain, but exists, or existed, in many member countries of the Commonwealth, such as Cyprus. Cypriot Pounds are now obsolete. At Leftover Currency we specialize in the exchange of obsolete currencies, like the Cypriot Pound.
Accordingly, What to do with leftover Cypriot pounds banknotes?
Answer: Convert your leftover Cypriot Pound banknotes to cash using our hassle-free online exchange service. Get paid fast for your unused currency from Cyprus. Cypriot Pound bank notes were issued by the Nicosia-based Central Bank of Cyprus. They became obsolete in 2008 when they were replaced by the Euro.