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Currency history

Cypriot pound

Dates in use
Introduction and ending not established
Ancestry branch
Sterling

Its place in the family

All ancestors and descendants ↗
Cypriot pound: documented and qualified family connections PARENTS THIS CURRENCY CHILDREN Pound sterlingPound sterling 1879–1949 · DocumentedDocumented connection · 1879–1949 Cypriot poundCypriot pound Currency history Later adoption · see history below

Parents 1

Cypriot pound

This currency

Children 0

Later adoption of an existing currency is explained below.

Trace its ancestry backward

Roman as–denarius accounting

Earlier as reckoning; denarius introduced c. 211 BC; accounts continue into late antiquity

Earlier ancestry is not established here.

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The story

The Cyprus pound was divided into 1,000 mils. [1]

Replacement by an existing currency

This conversion belongs to the history of the retiring unit. It does not make that unit an ancestor of the currency adopted.

Turning points

Covered shilling references inCyprus laws/documents…

Covered shilling references inCyprus laws/documents meantCyprusshilling/9piastres;contracts defaulted locallegalcurrency. [2]

Subdivision change

Cyprus replaced mils with 100 cents to the same pound. Subdivision change, not a hundredfold rescaling of pounds. [3]

Euro monetary substitution

1 EUR = 0.585274 CYP. Cyprus: euro adoption January 1, 2008; cash January 1, 2008. Regulation 974/98 substitutes the euro for each participating state’s currency on its adoption date; cash changeover is separately defined. [4] [5] [6]

Euro cash changeover

Cyprus: euro adoption January 1, 2008; cash January 1, 2008. [5]

Sources and evidence

  1. Eleni Zapiti / International Numismatic Commission · Modern Coins of Cyprus (1878–2008), Survey of Numismatic Research 2008–2013
  2. Government of Cyprus · Currency Law 1949, No13
  3. Eleni Zapiti / International Numismatic Commission · Modern Coins of Cyprus (1878–2008), Survey of Numismatic Research 2008–2013
  4. Council of the European Union · Council Regulation (EC) 2866/98 — consolidation at 1 January 2026
  5. Council of the European Union · Council Regulation (EC) 974/98 — consolidation at 1 January 2026
  6. Council of the European Union · Council Regulation (EC) 974/98 — consolidation at 1 January 2026

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Cite this page

“Cypriot pound.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/T-FTM000800.html

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