Central Bank of Cyprus

Central Bank of Cyprus
Kεντρική Τράπεζα Κύπρου (in Greek)
Kıbrıs Merkez Bankası (in Turkish)
HeadquartersNicosia
Established14 December 1963
Ownership100% state ownership
GovernorChristodoulos Patsalides
Central bank ofCyprus
Reserves80 million USD
Succeeded byEuropean Central Bank (2008)1
Websitecentralbank.cy
1 The Central Bank of Cyprus still exists but many functions have been taken over by the ECB.

The Central Bank of Cyprus (Greek: Kεντρική Τράπεζα της Κύπρου Turkish: Kıbrıs Merkez Bankası) is the national central bank for the Republic of Cyprus within the Eurosystem. It was the Cypriot central bank from 1963 to 2007, issuing the Cypriot pound.

In addition to its monetary role, the CBC is also a financial supervisory authority. In that capacity, it increasingly implements policies set at the European Union level. It is the national competent authority for Cyprus within European Banking Supervision. It is a voting member of the Board of Supervisors of the European Banking Authority (EBA). It is the designated Cypriot National Resolution Authority and plenary session member of the Single Resolution Board (SRB). It provides the permanent single common representative for Cyprus in the Supervisory composition of the General Board of the Anti-Money Laundering Authority (AMLA). It is also a member of the European Systemic Risk Board (ESRB).