Cyprus reassures euro doubters

Article Date : 07 December 2007

Cyprus' central bank is issuing material designed to reassure those with doubts over its forthcoming currency change.

The organisation is working with the ministry of finance in order to promote the positive benefits of being a member of the euro, such as low interest rates and a more resilient economy.

According to the Financial Mirror, the promotional drive has been going for some time but is now being intensified.

This is because there is only a matter of weeks before the island becomes a member of the single European currency.

Cyprus will adopt the euro on January 1st 2008, which means that bodies such as commercial banks are already receiving notes and coins.

The promotional campaign should help to raise general awareness of how people should manage their finances during the transition period.

This comes nearly four years after Cyprus first became a member of the European Union.

Cyprus reassures euro doubters

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