At a glance
Cyprus joined the euro area on 1 January 2008. The banknotes and coins were introduced the same day. The euro replaced the Cyprus pound (CYP) at the conversion rate of EUR 1 = CYP 0.585274.
Cyprus is represented by Nicos Anastasiades, President of the Republic, at Euro Summit meetings and by Harris Chr. Georgiades, at Eurogroup meetings.
- Adoption of the euro: 01/01/2008
- Former currency: Cyprus pound (EUR 1 = CYP 0.585274 )
- GDP per capita (current prices): €20 600 (2011 - Eurostat)
- Number of votes at the Council of the EU: 4
- Member of the Schengen area: Yes
- Official languages: Greek (el), Turkish (Turkish)
Cyprus has a unicameral parliamentary system.
Its parliament is called the House of Representatives (Vouli ton Antiprosópon).
It has 80 members, 56 of whom are elected for five years by direct universal suffrage. The other 24 seats are reserved for the Turkish community, but have been vacant since 1964.
There are also three representatives of religious minorities (Maronites, Catholics and Armenians) who have observer status.
The President of the Republic, who is both the head of state and the head of government, is elected by universal suffrage for five years.
- Political system: republic
- Voting age: 18, voting not compulsory
- National day: 1 October (anniversary of the proclamation of the Republic – 1960)
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