The economy of Cyprus is a high-income economy as classified by the World Bank, and was included by the International Monetary Fund in its list of advanced economies in 2001. Cyprus adopted the euro as its official currency on 1 January 2008, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per €1.
Nicosia, the island's financial hub
The port of Limassol, the busiest in Cyprus.
A vineyard in the Troodos Mountains. The agricultural sector continues to employ a significant proportion of the labor force.
Bank of Cyprus offices in Aglandjia, Nicosia.
The euro is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents.
Euro
The European Central Bank seat in Frankfurt am Main
Euro coins and banknotes of various denominations