GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dollar
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Riyal
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Euro
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Pound
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Detailed explanation-1: -The Cypriot pound (CYP) was the official currency of the Republic of Cyprus from 1963 until 2008, when it changed over to the euro.
Detailed explanation-2: -On 10 July 2007, the Council of the European Union approved Cyprus’ application to join the euro area on 1 January 2008. On 1 January 2008, the euro became legal tender in Cyprus, replacing the Cyprus pound (CYP) at the irrevocably fixed exchange rate of €1 = CYP 0.585274.
Detailed explanation-3: -1 euro is worth 0, 585274 Cyprus pounds.
Detailed explanation-4: -The official currency used in Paphos and across the entire island of Cyprus is the Euro. This replaced the Cypriot pound in 2008, and makes it easier for EU travellers to go on holiday without worrying about exchange rates.