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01/01/2008 01:54 PM ID: 67406 Permalink   

Pound Ditched in Cypress for Euro

 

Cypress not only celebrated the ushering in of the New Year at 12 last night but also the introduction of the Euro as the country's currency and the ditching of the pound.

The Euro however will only be used in the southern part of the country controlled by the island's internationally recognized Greek Cypriot government and not the Nothern Cypress which will continue with the Turkish lira.

President Tassos Papadopoulos said of the introduction of the Euro: "The foundation is laid for a unified economy with a common currency." Adding, "This is the dawn of a new era and a change to our way of life."

 
  Source: news.independent.co.uk  
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  6 Comments
  
  The Pound  
 
is slowly dying... no thanks to Mr Gordon Brown and his absurd ideas of what a thriving economy is.

All part of the plan to make us all beg for the Euro.
 
  by: daniel2508     01/01/2008 03:26 PM     
  Maltese Lira gone as well  
 
Malta has also adopted the Euro as its official currency as of today.

An informative list I found today:

http://www.tomchao.com/...
 
  by: mousejunkie     01/01/2008 06:23 PM     
  @daniel2508  
 
I didn't think the Cypriot Pound was linked to the British Pound.
 
  by: Major-General   01/01/2008 09:48 PM     
  TAXI  
 
I'll get my coat.


(Nevertheless, my point remains valid)
 
  by: daniel2508     01/01/2008 09:51 PM     
  do you mean...  
 
Cyprus? Because a cypress is a tree.
 
  by: gryphon50a   01/02/2008 02:49 AM     
  CP and PS arent the same  
 
And the exchange rate mechanism linking the two was abandoned in the 60's, so no, not a statement on the economy of the UK.
Also probably a pretty bad move since most of the Cypriot economy is reliant on UK tourism.
 
  by: AnsweringQuestions     01/02/2008 09:21 AM     
 
 
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