The currency of the Republic of Cyprus is the Euro (€). It is divided into 100 Euro cents (¢).Cyprus switched to the Euro on January 1st, 2008. Prior to that, it had been using the Cypriot Pound as its currency.
Politics of the Republic of Cyprus takes place in a framework of a presidential representative democratic republic, whereby the President of Cyprus is both head of state and head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and the House of Representatives.
Cypriots are not always described simply as “Cypriots”. The word is often used together with the prefix “Greek” or “Turkish” in recognition of the two major ethnic groups that inhabit the island: the Greek-speaking Greek Orthodox community and the Turkish-speaking Muslims.