Cyprus Currency and Bank information

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Last updated : Nov 2007

Cyprus Currency

Cyprus Pound (C£) = 100 cents.

Notes are in denominations of C£20, 10, 5 and 1.

Coins are in denominations of 50, 20, 10, 5, 2 and 1 cents.

Currency exchange

Visitors wishing to obtain non-Cypriot currency at Cypriot banks for business purposes are advised that this is only possible by prior arrangement.

ATMs operate 24 hours in main towns and in the tourist areas.

Credit & debit cards

All major credit cards are accepted at most areas. Check with your credit or debit card company for details of merchant acceptability and any other services which may be available.

Travellers cheques

May be cashed in all the banks. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling or Cyprus Pounds.

Currency restrictions

The import of local currency is unrestricted, subject to declaration.

Foreign currency for amounts over US$1000 (or the equivalent in other currency) must be declared.

Export of local and foreign currency is limited to the amount declared on arrival. Local currency withdrawn from Cypriot banks may be exported provided a holding certificate is obtained by the bank.

Exchange rate indicators

The following figures are included as a guide to the movements of the Cyprus Pound against Sterling and the US Dollar:

Date	Nov '07
£1.00=	0.83987
$1.00=	0.40291

Banking hours

In June, July and August

Monday-Friday 0830-1230 hrs

Rest of the year

Monday-Friday 0815-1230 hrs

Certain central banks may also open Tuesday-Friday during the afternoon. Banks in Larnaca and at Pafos International Airport are open all day.

Useful travel links
AMEX Travellers Cheques	information on Amex travellers cheques
Oanda International	currency and foreign exchange services
Travellers Cheques Visa	information on Visa travellers cheques
Universal Currency Converter	online foreign exchange and currency
VISA ATM Locator	location of any ATM that accepts VISA cards