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Topic: Cyprus Pound


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In the News (Wed 11 Nov 09)

  
  Cyprus | Property | Real Estate | Hotel | Holiday | Apartment | Villa | Car Hire   (Site not responding. Last check: 2007-10-27)
With Cyprus estate agents selling and constructing a wide range of properties in different areas of Cyprus, you are offered luxury villas and holiday apartments at low and affordable costs.
With the weather forecast check and a handy map of Cyprus to add you are free to cross the island all over, explore sandy Cyprus beaches and enjoy your picturesque vacation in Cyprus.
Ercan International Airport is the airport to land in North Cyprus whereas either Paphos International Airport or Larnaca International Airport serves to land in South Cyprus.
www.cyprus.com   (699 words)

  
 [No title]
Cyprus is the third larger Mediterranean island, with a total area of 9,251 sq.
The capital and the commercial centre of the Cyprus is Nicosia with a population of approximately 210,000.
Cyprus is a member of the United Nations and the Council of Europe as well as member of the British Commonwealth.
www.cyprusmarket.com /anedv/about.asp   (276 words)

  
 Cypriot pound - Wikipedia, the free encyclopedia
Cyprus (except in the self-proclaimed Turkish Republic of Northern Cyprus), Akrotiri and Dhekelia
The Cypriot pound, also known unofficially as the Cyprus lira (from Latin libra pronounced in Greek λίρα / plural λίρες and Turkish lira), is the currency used in Cyprus, including the Sovereign Base Areas in Akrotiri and Dhekelia.
The Cyprus national currency will be replaced by the euro in the near future which the Cypriot authorities hope to be as early as 1 January 2008.
en.wikipedia.org /wiki/Cyprus_pound   (541 words)

  
 Cyprus (Offshore Jurisdictions)
Cyprus is a "divided island" insofar as the Turkish invasion of 1974 resulted in the "Republic of Cyprus" on the northern half which has not yet been recognized by the United Nations.
Cyprus has a two-year statute of limitations against claims of fraudulent transfers to the trust, and has extended the Rule Against Perpetuities to 100 years instead of 21 years, and for an indefinite period in the case of charitable or purpose trusts.
Cyprus corporations which have income derived from outside of Cyprus are taxed on that income at the low rate of four-and-one-quarter percent (4.25%) on net profits, irrespective of where the management and operation of the corporation really takes place.
www.assetprotectionbook.com /cyprus.htm   (2918 words)

  
 Cyprus currency: Cyprus Pounds, a real time currency converter
In 1995 at the Bank of Cyprus administrative headquarters the Museum of the History of Cypriot Coinage opened a permanent exhibition of the development of Cypriot currency, from as early as the 6th century BC until recent times.
Until the 13th century the currencies of the kingdom were Byzantine and Dinars until Henri II Crusader king of Cyprus and claimant to Jerusalem (1285-1324) introduced a new coin, the silver gross, which remains the typical coin of Cyprus until the Ottoman period.
In 1878 Cyprus was transferred to the British rule, which introduced their new numismatic system based on the piastre (copper) and later on 1901 on the shilling (silver).
www.cyprusholidayguide.com /cyprus_currency.htm   (500 words)

  
 Cyprus travel guide - Wikitravel   (Site not responding. Last check: 2007-10-27)
Cyprus (Greek Κυπρος, Turkish Kıbrıs, [1]) is an island in the Mediterranean Sea, south of Turkey.
Cyprus' close historic links with the United Kingdom and large numbers of British tourists mean that English is very widely spoken (and well), especially in the Greek-Cypriot South.
Cyprus' climate and natural advantages mean that there is always a steady supply of travellers seeking employment and residency on the island.
wikitravel.org /en/Cyprus   (1721 words)

  
 CURRENCY
Cyprus currency is based on the decimal system and one Cyprus pound (C) is divided into 100 cent (c).
Until 1972, the Cyprus pound was equivalent to one pound Sterling, but after this date the value of the Cyprus pound was fixed, by agreement with the IMF at 2.13281 grams of gold.
Later, in 1973 the value of the Cyprus pound was pegged to the average value of a basket of currencies representing the currencies of the principal trading partners of Cyprus.
www.kypros.org /Cyprus/cy_republic/currency.html   (656 words)

  
 Cyprus Offshore
Cyprus is an island in the Eastern Mediterranean Sea, to the south of Turkey.
The president of Cyprus is the head of the state.
Cyprus "offshore" company is an otherwise regular company that is owned by non-residents and is operating outside of the island.
www.firstadvisor.com /cyprus.htm   (412 words)

  
 RATE-EXCHANGE.org - Cyprus Currency / Cyprus Pound
The Cyprus pound is the officially currency of the Republic of Cyprus, the governing authority for the southern, Greek-influenced portion of this island situated in the eastern Mediterranean Sea.
The Cyprus pound – which is also known as the Cypriot pound, and occasionally as the Cyprus lira – is the currency for the Greek-dominated Republic of Cyprus, which occupies the southern portion of the island.
As of May, 2005, the Cyprus pound became pegged to the euro under the terms of the Exchange Rate Mechanism II, as the Republic has intentions of making a complete transition to the euro before the end of the decade.
rate-exchange.org /currency/cyprus-pound.cfm   (431 words)

  
 Cyprus Travel Guide
Cyprus is situated in the north-eastern part of the Mediterranean Sea, 33 degrees east and 35 degrees north of the Equator.
In the north is the Kyrenia valley with its narrow dentelated coasts; in the south are the Larnaca and Limassol valleys; in the west are the Paphos and Chrysochou valleys; in the east is the Famagusta valley.
Cyprus has a hot summer and mild winter but this generalisation must be modified by consideration of altitude, which lowers temperatures by about 5 degrees C per 1.000 metres and of marine influences which give cooler summers and warmer winters near most of the coastline and especially on the west coast.
www.enostos.net /tguides/cyprus_tguide.htm   (3000 words)

  
 Cyprus Banking And Currency Exchange
The banks in Cyprus offer a good range of banking services in both Cyprus pounds, and in foreign currencies.
Cyprus banks are full members of SWIFT (the Society for Worldwide Interbank Financial Telecommunication).
The currency of Cyprus is the Cyprus pound - CY£, which is divided into 100 cents.
www.cypruspropertychoice.com /cyprus_banking.htm   (128 words)

  
 [No title]   (Site not responding. Last check: 2007-10-27)
CYPRUS' Central Bank kept its key refinancing rate unchanged at 3.25 percent yesterday, with the decision scraping through on a slim majority as two policymakers called for a cut.
The Cyprus pound trades against the euro in a 2.25 per cent fluctuation band in the European Exchange Rate Mechanism, a currency stabilisation band it joined in April 2005.
Cyprus hopes to switch to the euro in 2008, and phase out the present 125 basis point gap in interest rate levels in the meantime.
www.cyprus-mail.com /news/main.php?id=22457&cat_id=1   (361 words)

  
 Landtourist Estates
THE DECISION to include the Cyprus pound in the Exchange Rate Mechanism II (ERM-2) was greeted with great satisfaction by the government and Central Bank but the EU also issued a word of caution about the state of the island’s economy.
Cyprus officially joined the ERM-2 in the early hours of Saturday, a move considered a prerequisite for joining the eurozone.
The central rate of the Cyprus pound has been fixed at 1 euro = 0.585274 pound and the standard fluctuation band of plus or minus 15 per cent will be observed around the central rate of the pound, a statement from the EU Commission said.
www.landtourist.com.cy /news_description.asp?ID=23   (523 words)

  
 Cyprus real estate & property news - VAT on land, cyprus joining the Euro, e.t.c.
The Cyprus economy has joined the Parity of Exchange System, where it is expected to remain in the EMU antechamber for approximately 2 years before its entry into the EMU and the Euro.
However, what does this mean for property investment because the Cyprus economy should meet the Maastricht criteria as a prerequisite in order to join the EMU.
So, we are expecting ‘turbulent situations’ in the Cyprus property industry, which, in our opinion, will be to its benefit at the end.
www.cyprus-online.com /buy-sell/cyprus-property-news-51.html   (585 words)

  
 Cyprus - Wikipedia, the free encyclopedia
Cyprus (Greek: Κύπρος Kýpros; Turkish: Kıbrıs), officially the Republic of Cyprus (Greek: Κυπριακή Δημοκρατία Kypriakí Dhimokratía; Turkish: Kıbrıs Cumhuriyeti), is a Eurasian island nation in the eastern part of the Mediterranean Sea south of the Anatolian peninsula (Asia Minor) or modern-day Turkey.
Cyprus is the legendary birthplace of the goddess of beauty and love, the beautiful Aphrodite (also known as Kypris or the Cyprian).
Economic affairs in Cyprus are dominated by the division of the country due to the Turkish occupation of the north part of the island.
en.wikipedia.org /wiki/Cyprus   (6181 words)

  
 Universal Developments - About Cyprus   (Site not responding. Last check: 2007-10-27)
The latitude of Cyprus is 34° 33'-35° 34' North, and its longitude 32° 16'-34° 37' East.
The Cyprus Telecommunications Authority (CYTA) is a corporate body established by law and is responsible for the provision, maintenance and development of telecommunications facilities, both local and overseas.
Cyprus has 1,950 species of flowering plants, 140 of which grow nowhere else but on the island, and in the Akamas alone, there are 700 plant species, of which 40 are endemic.
www.universal-developments.com /cyprus.htm   (2220 words)

  
 [No title]   (Site not responding. Last check: 2007-10-27)
Although Cyprus' administration had officially set January 1, 2008 as its euro zone target, senior members of the governing coalition have floated the idea of shifting the target back a year until 2009.
The Cyprus pound joined a currency stabilisation grid designed to prepare adoption of the euro in April 2005.
The pound should be in the mechanism, which allows limited fluctuation of the currency against the euro, for a minimum of two years.
www.cyprus-mail.com /news/main.php?id=23701&cat_id=1   (262 words)

  
 Cyprus | North Cyprus | General Info | Geography | Nature Flora | Wildlife
The Cyprus hedgehog, probably introduced from South Africa, has one distinguishing feature which makes it plainly different from the common European hedgehog – it has extremely long ears.
The Cyprus moufflon is an ancestor of the modern day sheep.
The reclusive Cypriot Moufflon, an indigenous wild mountain sheep that was hunted to the verge of extinction and now survives with an estimated 200 breeding pairs in the protected reserve of the Paphos Forest Station, in the South Cyprus.
www.cyprus.com /cyprus-general-info-geography-nature-flora-wildlife.php   (761 words)

  
 Sailing, Bareboat, yacht charter in Cyprus - Larnaca, Nicosia, Kourion, Romios, Akamas
Cyprus is famed for hospitality that knows no hours; tavernas, night clubs, bars, and discos that draw international crowds can be found in every major town.
Cyprus enjoys an intense Mediterranean climate, with long dry summers from mid-May to mid-October and with mild winters from December to February which are separated by short autumn and spring seasons.
To charter a yacht in Cyprus it is necessary for one crew member to have sailing certificate or licence.
www.sailing-adventure.com /mediterranean/us/cyprus.php3   (684 words)

  
 Sunrise Villas - Frequently Asked Questions
Cyprus is proud of its mouth watering dishes, sweets and pastries, and locally grown fruits and olives.
Cyprus has a long, very hot and dry summer, a short spring and autumn, and a mild but changeable winter around 21C.
The currency is Cyprus pound (CY£), approximately CY£0.80 is equal to £1.00 pound sterling.
www.cyprusrentals.co.uk /faq.php   (1264 words)

  
 ECB: Cyprus pound included in the Exchange Rate Mechanism II (ERM II)   (Site not responding. Last check: 2007-10-27)
The central rate of the Cyprus pound is set at 1 euro = 0.585274 pound.
The agreement on participation of the Cyprus pound in ERM II is based on a firm commitment by the Cypriot authorities to pursue sound fiscal policies, including lowering the high debt level, which are essential for preserving macroeconomic stability and ensuring the sustainability of the convergence process.
The compulsory intervention points in the exchange rate mechanism will be communicated by the ECB and the Central Bank of Cyprus, in time for the opening of the foreign exchange markets on 2 May 2005.
www.ecb.int /press/pr/date/2005/html/pr050429_1.en.html   (282 words)

  
 Financial Mirror
Cyprus is set to officially adopt the euro on January 1, 2008.
There will be a one-month period allowed for the simultaneous circulation of euros and Cyprus pounds, after which the Cyprus pound coins will be removed from circulation, followed by the notes, which may only be exchanged at the banks.
As for the coins and in tandem with what occurred with other European nations that adopted the euro, Central Bank officials expect a “55% conversion rate of the Cyprus pound coins”, with the remaining 40-45% lost or forgotten to be handed back.
www.financialmirror.com /more_news.php?id=4076   (215 words)

  
 Beautiful Cyprus Property|Villas|Overseas Properties for sale,buy,Iinvestment   (Site not responding. Last check: 2007-10-27)
The mornings are deliciously warm – straight from bed to a breakfast in the sunshine on the terrace where another beautifully warm morning awaits.
Cyprus became a full member of the EU in 2004, and as anticipated, after that date membership increased demand and prices for holiday and retirement homes.
The Cyprus pound is supported by a good banking system, with about five major banks.
www.internationalpropertylink.com /cyprus   (347 words)

  
 Living in Cyprus - The System - AngloINFO Cyprus (Cyprus)
The administration of justice is exercised by the Supreme Court of the Republic, the assize courts and the district courts.
The currency of the Cyprus Republic is the Cyprus pound.
The Republic is obliged to provide representation by a lawyer where a plaintiff or defendant in a court case is unable to afford representation in court, and an application for a representative is filed on a legal-aid basis (this happens most frequently in criminal cases).
cyprus.angloinfo.com /countries/cyprus/cylife.asp   (529 words)

  
 [No title]   (Site not responding. Last check: 2007-10-27)
The second decline was an attempt to arrest a strengthening Cyprus pound then on the brink of breaking its upper 2.25 per cent fluctuation band against the euro.
That still creates demand for the pound because for settlement purposes, the local currency must still be bought.
Cyprus is seen adopting the euro by 2008, and should by then have phased out the present 1.25 point gap between its rates and those of the euro zone.
www.cyprus-mail.com /news/main.php?id=20803&cat_id=1   (355 words)

  
 Cyprus Pound and Cyprus currency information including currency exchange rates
The Cyprus Pound, denoted by the symbol CYP, is the official currency used in Cyprus.
The Cyprus Pound is no longer used in Cyprus as it has been replaced by the Euro.
However, the downfall of this is that the Cyprus tourism industry is heavily dependent of the UK tourism market, while the UK tourists are extremely sensitive to the Sterling/Cyprus Pound exchange rate.
www.gocurrency.com /countries/cyprus.htm   (501 words)

  
 North Cyprus Economy - Currency
Following the 1974 division of the island, Turkish Cypriots adopted the Turkish Lira (TL) but the Cyprus pound remained legal tender until May, 1983.
In that year an extensive study was undertaken into the possibility of issuing a TRNC currency up to the level of foreign currency reserves, which were at the time substantial, but a political decision was taken that the Turkish Lira should remain the legal tender.
The Cyprus pound is now considered to be a foreign currency and is subject to foreign exchange regulations, but is used as a parallel-market trading currency together with British pound and US dollar.
www.cypnet.co.uk /ncyprus/economy/econ11a.htm   (199 words)

  
 Cyprus Currency | Cyprus | Pound | Credit Cards
At that time it was equal in value to the Pound Sterling until the independence of Cyprus in 1960.
In 1955 Cyprus decimalized, with 1000 mils to the pound.
This was in 1983 converted as Cyprus Pound was divided into 100 cents which remains until now.
www.cyprus.com /cyprus-tourist-info-things-to-know-currency-south.php   (550 words)

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