Cyprus adopts dual pricing system to ensure smooth euro transition
NICOSIA, Sept. 1 (Xinhua) -- Cyprus is at the final stage of adopting the euro Saturday as all products on sale must carry prices both in the Cyprus pound and the euro to ensure a smooth switch to the European currency next year.
Consumers will have four months to monitor the price of products purchased in both currencies, so they can become familiar with the euro on Jan. 1, 2008.
In fact, many supermarkets in big cities have long before offered an equivalent price in euro on sale tags and receipts.
On Friday, Finance Minister Michalis Sarris described the dual pricing system as "an important aspect of preparation and information of the Cypriots for the smooth introduction of the euro."
The business sector appears ready to introduce the dual pricing system, four months ahead of the switch to the euro, he said at a news conference.
Cyprus entered the European Union in May 2004 and has been approved to join the euro zone on Jan. 1, 2008 with Malta, another Mediterranean island nation.
猜你喜欢
-
- 04-08考研英语美文赏读(30):因假货泛滥 古驰拒绝与淘宝京东合作
- 03-0818考研英语大纲已发布,写作如何高分?
- 03-082012年考研英语攻克考研英语完型填空
- 04-08考研英语美文赏读(32):空气污染或许会对儿童造成毁灭性伤害
- 04-08新托福考试写作必备资料:十五个高分模板(5)
- 04-082009年6月英语六级考试作文真题及参考答案
- 03-082012考研英语辅导写作万能功能句型总结(1)
- 03-082012考研英语高级词复习指导
- 03-092018考研英语作文:实例看如何从真题积累写作素材
- 04-082013年大学英语四级考试翻译模拟练习22