Plan je tada poražen na referendumu kiparskih Grka, iako je na sjeveru odobren.Tokom svog petogodišnjeg mandata na mjestu petog predsjednika Kipra, Papadopoulos je nadgledao i usvajanje eura za službenu valutu zemlje.
The plan then went down to defeat in the Greek Cypriot referendum, although it was approved in the north. During his five-year tenure as Cyprus's fifth president, Papadopoulos also oversaw the adoption of the euro as the country's currency.