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Cyprus News Agency: News in English, 06-04-29
CONTENTS
[01] CENTRAL BANK - EU - ERM II
[01] CENTRAL BANK - EU - ERM II
Central Bank of Cyprus Governor Christodoulos Christodoulou pointed out
the need to utilise to the greatest possible extent the new reality
that has been created with Cyprus` accession to the European Union and
Exchange Rate Mechanism II.
Opening the new regional offices of the Bank of Cyprus in the United
Kingdom, at Southgate, Christodoulou said ``our course and activity in
the huge financial area of the EU of the common currency will certainly
not be without difficulties and problems.``
Christodoulou referred to the development of ``multiple and
significant`` commercial, economic and social ties with the United
Kingdom, adding that ``undoubtedly the presence of British banks in
Cyprus and Cypriot banks in the United Kingdom has contributed and will
continue to contribute to the expansion and strengthening of economic
cooperation and the further enhancement of bonds between the two
countries.``
He added that the Central Bank of Cyprus ``will contribute, always in
close cooperation with the British Financial Services Authority, to the
smooth and efficient operation and the further constant growth of the
Bank of Cyprus in Britain.``
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