The Central Bank of Cyprus (Greek: Kεντρική Τράπεζα της Κύπρου Turkish: Kıbrıs Merkez Bankası), is the central bank of the Republic of Cyprus, located in Nicosia. It was established in 1963. Its current Governor is Constantinos Herodotou The bank issued Cypriot pound banknotes and coins prior to 2008, when Cyprus adopted the euro. The Central Bank of Cyprus has its origins in the British Colonial Government of Cyprus, which established a Cyprus Currency Board in 1927. This followed on from the unilateral annexation of Cyprus by the British Empire in 1914, the Treaty of Lausanne, establishing the legality in international law of this British takeover, in 1923, and the full establishment of a colonial system of government in Cyprus, with the creation of a Legislative Council, in 1926. More information...
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