IS CYPRUS PART OF GREECE!

Out in the forums I come across people who still have the impression that Cyprus is part of Greece . My first reaction is that I am happy that it is not, but this comes spontaneously only because I have grown up with the idea that Cyprus should be united with Greece one day. I don't support this idea anymore though!

Although the two countries have extensive cultural ties, Cyprus is an independent county and thankfully it is not under the Greek control.

 

CYPRUS CURRENCY: Euro 

Tip: A number of merchants in Cyprus accept a wide variety of foreign currency, while the Northern Cyprus still uses the New Turkish Lira as its official currency.

 

THE FINANCIAL CRISIS:

While the Greece financial crisis affects the entire region and the rest of Europe, it is not impacting Cyprus much more than any other nation or area.

Cypriot banks do have some ties with Greece, and the banks are watching the situation very carefully, but the rest of the economy of Cyprus is separate from that of Greece.

If Greece ends up leaving the Euro, that will not affect Cyprus, which will continue to use the Euro.

Cyprus has its own financial problems, however, and may need a separate "bail-out" at some point.


 

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