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The pound, also known as the Lira, used to be the official currency of Cyprus but it has now been replaced by the Euro. However, the self-proclaimed Turkish Republic of Northern Cyprus officially uses the Turkish New Lira (TRY).
In 2003, Turkey passed a law that allowed for the removal of six zeroes from the currency, and the creation of the new lira. It was introduced in 2005, replacing the previous lira. The word 'new' will be removed on January 1, 2009.
1 CYP = 4.3190 TRY
Cyprus PoundTurkish New Lira
