Central Bank of Cyprus

Central Bank of Cyprus, Nicosia
Photo: TourinNicosia/Wikimedia Commons
Brief History

Established in 1963. It operates under the provisions of the Central Bank of Cyprus Law. The Bank implements the European Central Bank’s monetary policy decisions, licenses and supervises banks, safeguards the stability of the financial system, manages the official foreign reserves, regulates and supervises payments systems, acts as banker and financial agent to the government and collects, compiles and distributes statistical data. Since 1 January 2008, the Bank has been an

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