Dollar roars higher vs CYP

The US dollar was sharply higher and reached a new record high against most European currencies, including the Cyprus pound, on the back of strong fundamentals coupled with weakness in the Japanese yen and the deutsche mark, according to the

on January 22, 1997. Against the CYP, the USD rose to trade at 2.0555 to 2.06632, bringing the total gains since the start of the year to just above 4%.

The Cyprus Popular Bank (Laiki) has become the first Cypriot bank to be awarded an ISO 9001 quality standards certification for its credit card services, having meanwhile taken the lad as the

Laiki cards:

largest local credit card issuer, estimated at a 42% market share. But Bank of Cyprus was quick to play down this lead, saying “the difference is very small between the two banks” and that if foreign sales and Diners Club transactions are included, then BOC is in the lead.

T-bill

auction:

The CYP 20 mln Treasury Bill auction will be watched closely for further signs to see if the central bank’s efforts to lower interest rates are moving in the right direction.

Paneuropean misled:

Life Insurance Paneuropean

has Ins.

Liberty accused Co. of