Afterwards the euro will be the sole legal tender in Cyprus, but Cyprus pound coins can be exchanged for two more years and banknotes for ten more years at the Central Bank of Cyprus.
Finally, let me reassure you that we are taking the concerns of the people of Cyprus very seriously as regards possible unwarranted price increases in the context of the euro changeover. We have to monitor the situation carefully to ensure that prices are converted properly and the euro changeover does not provide an opportunity to raise prices in an unjustified manner.