Kipar se pridružio EU u maju 2004, skupa s još devet zemalja centralne i istočne Evrope, a postao je član Evropskog valutnog mehanizma 2 -- čekaonice za Eurozonu -- u maju 2005.
Cyprus joined the EU in May 2004, along with nine other Central and East European countries, and the European Exchange Rate Mechanism 2 -- the Eurozone's waiting room -- in May 2005.