Cyprus on final countdown to euro zone
With just hours to go before the legal tender changeover from Cyprus pound to the euro on Jan. 1, authorities and citizens on the eastern Mediterranean island seem well prepared to embrace the single currency. In the past weeks, security vans escorted by police have traveled frequently between the Central Bank of Cyprus in the capital Nicosia to local commercial banks, delivering brand new euro bank notes and coins. Cypriots, especially shop owners have obtained euro coin starter kits from bank branches, since all changes should be made in euro instead of Cyprus pound since the New Year's day, though the latter can be circulated along with the euro till the end of January.
No comments:
Post a Comment