Noun
the basic unit of money in Cyprus; equal to 100 cents
Source: WordNetOn 1 January 2008, the country adopted the euro as its official currency, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per EUR 1.00. Source: Internet
Overvaluation of the Cypriot pound prior to the adoption of the euro in 2008 had kept inflation in check. Source: Internet