Read the UN Resolutions on The Cyprus Problem Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Tuesday, 12 November 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Cyprus News Agency: News in English, 08-01-03

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] COMMISSION CYPRUS EURO
  • [02] ECB CYPRUS EURO

  • [01] COMMISSION CYPRUS EURO

    The adoption of the euro in Cyprus and Malta on January 1st is proceeding very smoothly and without any noteworthy incidents, said the European Commission.

    In a statement it also noted that so far only a few limited incidents of undue price increases have been reported in both countries.

    In its statement, the Commission said that all available evidence suggests that the changeover operation is proceeding very smoothly and without any noteworthy incidents.

    On 2 January, a significant number of cash transactions were already carried out in euro in both countries, and around 40% of citizens had only or mostly euro cash in their wallets and purses.

    [02] ECB CYPRUS EURO

    The European Central Bank has welcomed the introduction of the euro by Cyprus and Malta on January 1st, 2008.

    ``The euro has been introduced in Cyprus and Malta. The number of EU Member States that use the single European currency has now increased to 15. The European Central Bank (ECB) welcomes this further enlargement of the euro area, an ECB press release says.

    The ECB notes that as a result of the adoption of the euro by Cyprus and Malta, the Central Bank of Cyprus and the Central Bank of Malta are now full members of the Eurosystem, with the same rights and obligations as the 13 national central banks of the other EU member states that have adopted the euro.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    cna2html v2.01 run on Thursday, 3 January 2008 - 18:39:10 UTC