Cyprus Currency has The euro is the official currency of 19 of the European Union’s 27 members. The eurozone (or, more formally, the euro area) is a group of European countries that, as of 2019, has a population of 343 million people.

The currency is also used by the European Union’s institutions, four European microstates that are not EU members, the British Overseas Territories of Akrotiri and Dhekelia, and Montenegro and Kosovo unilaterally.

A handful of EU member countries’ special territories also use the euro as their currency outside of Europe. Furthermore, nearly 200 million people utilize euro-denominated currencies around the world.

What is Cyprus’s Official Currency

You might be wondering what Currency Cyprus uses, do they even have a currency? well, Cyprus uses Euro.

The Republic of Cyprus adopted the Euro (€) as its official currency on January 1, 2008, replacing the Cyprus pound (CY£) as the country’s legal money, at an irrevocable fixed exchange rate of €1 = CY£ 0,585274.

Euro banknotes come in seven different denominations: 5, 10, 20, 50, 100, 200, and 500 euros.
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