Cyprus's Orphanides prioritises euro entry

The newly-appointed governor of the Central Bank of Cyprus, Athanasios Orphanides, has told the country's parliament that overseeing a smooth introduction to the euro in January is the central bank's number one priority.

Orphanides, who joined the central bank from US Federal Reserve Board's Division of Monetary Affairs, told the House Finance Committee that he was satisfied with the latest convergence report by the European Commission and European Central Bank, published last week. The govern