Socialist lawmaker Marinos Sizopoulos, who tabled the bill, said that despite substantial public adjustment to the new currency, the Euro, it would be best to extend dual display – pounds and Euro – to help consumers.
Sizopoulos said the elderly still find it hard to understand the actual value of goods, while scrapping dual display at a time when inflation was rising would lead to unjustified price hikes.
Businesses expressed their disagreement with the measure, arguing that a lot of vendors have already ordered or prepared new price lists that do not carry the pound.
They warned that the decisions would lead to further price hikes at a time when inflation was on the rise.
“This decision insults the intelligence of Cypriot consumers and worsens the confusion created by dual display to sensitive groups,” a statement from the Trade and Industry Chamber said.
11/7/08, Cyprus Mail