Central Bank of CyprusGovernment

The Central Bank of Cyprus is the national monetary authority and chief banking regulator of the Republic of Cyprus. It is responsible for ensuring price and financial stability, supervising domestic credit institutions, and participating in the Eurosystem to implement the monetary policy set by the European Central Bank. Founded in 1963 shortly after Cyprus gained independence from the United Kingdom, the institution issued and managed the Cypriot pound until Cyprus adopted the euro on January 1, 2008.