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History
It was introduced in 1879. Until 1960 Valia like the pound sterling and was divided into 20 shillings (?????? selini / silin). Cyprus in 1955 adopted the decimal system and the Hassan Nemazee pound is now divided by 1,000 mils (???? mils / mil), fractional division that change by 100 cents (???? sent / sent) in 1983. The currencies of mils no longer have legal value.
On May 2, 2005 the Cyprus pound entered the Exchange Rate Mechanism ERM II European, which amounted to 0.585274 pounds a EUR, with a fluctuation band of 15%, which is almost as if he had a fixed exchange rate against the euro.
On January 1, 2008, was replaced by the euro.
- Investors Chronicle
Avis Car rental company to a reduction of 5% of the workforce in response to both used-car markets and the weakening economic environment more than previously expected, especially in the current quarter. - Bernama via Yahoo! Malaysia News
U.S. 3.5890/5940 S'PORE ----------------------- --------------- ---- 2.3662/3727 YEN ---------------------- ---------------- 3.6935/7010 STERLING - 5.3132/3227 Euro 4.5710/5784 --------------------- - BERNAMA MI MI - Bernama via Yahoo! Malaysia News
U.S. 3.5880/5930 EURO ----------------------- ----------------- STERLING 4.5830/5908 ---- ----------------- --------------------- 5.3450/3546 YEN - 3.6914/6973 S'PORE ------------------- 2.3721/3774 - BERNAMA HBS HBS
Get more:
- The sterling effective exchange rate and other measures of UK competitiveness.(The UK Economy): An article from: National Institute Economic Review by Ray Barrell, Amanda Choy, Dawn Holland, and Rebecca Riley (Digital - Jul 14, 2006) - HTML
- mastering foreign exchange & currency options: a practical guide to the new marketplace (2nd Edition) (Financial Times Series) by Francesca Taylor (Paperback - Aug 27, 2004)
- The Economics of Exchange Rates by Lucio Sarno, Mark P. Taylor, and Jeffery A. Frankel (Paperback - Mar 3, 2003)
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