In mid-2004 the Republic of Cyprus joined the EU, and this month it takes the next, perhaps more significant, step of adopting the single currency. Many in Cyprus, though, have mixed feelings about joining the euro. The reason for their ambivalence is that the Cypriot pound is one of the strongest and most stable currencies in the world; it has been even more stable than the English pound, to which it was once tied. Despite the division of Cyprus, the small island state has a prosperous economy.
Pages to are hidden for
"CYPRUS BIDS FAREWELL TO THE POUND"Please download to view full document