Cyprus is a small island situated in the Eastern Mediterranean, not far from the Turkish coast. It is divided into a Northern section controlled by Turkey and a Southern section (ca. 60% of the area) that is in the EU and the Eurozone. Cyprus joined the Eurozone and issued its first coins in 2008.
Some basic facts about Cyprus:
Prior to the Euro the official currency was the Cyprus Pound. The conversion rate to the Euro was set at 0.585274 to 1Euro on 1st January 2008.
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