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The European states Cyprus and Malta introduced the Euro on 1 January 2008. This replaced the Cypriot pound and Maltese lira. Still, until 1 February will be both tender officially apply to the euro will be the sole payment.

In the circulation of money, the European Central Bank emitted 150 million notes, which have a combined value of 3.3 billion euros. Cyprus will receive 395 million coins, worth 100.3 million euros and Malta 200 million coins

The launch was possible after the European Commission in May 2007 in an official report noted that the Maastricht criteria are met. Subsequently, the European Council in June 2007 the decision of the countries of the euro currency zone to want to join.

Source:http://de.wikinews.org