On 18 February, the Technical Committee on Economic and Commercial Matters successfully oversaw the transfer of worn-out euro banknotes in exchange for new banknotes.
This pilot initiative follows years of sustained efforts by the Committee and represents a practical confidence-building measure. The exchange contributes to strengthening trust between the two sides, supports economic interaction across the island, and facilitates direct contact between economic operators.
The initiative reflects the continued work of the Technical Committees in delivering practical arrangements that address everyday needs while contributing to broader cooperation.
The Secretary-General, in his last report on his mission of good offices (S/2026/9), said that he remained committed to maintaining contact and dialogue, in search of a path towards a peaceful settlement on the island. The Secretary-General has welcomed the commitment shown in the past year to sustain engagement, notwithstanding this being the longest gap in active negotiations in the history of the Cyprus peace process. The special political mission in Cyprus and the Secretary-General's own good offices continue to remain at the disposal of the parties to the Cyprus issue.
