Currency Converter

The Cyprus national currency will be replaced by the euro in the near future which the Cypriot authorities hope to be as early as 1 January 2008 . The currency entered the Exchange Rate Mechanism II on 2 May 2005 . It is bounded within the C£0.585274 ±15% per euro band.

In Summer 2006, the Bank of Cyprus started including on its statements the indicative balance in euros. The Cyprus Telecommunications Authority followed suit with its bills two months later. A small number of shops also showed indicative euro totals on their receipts. By late Autumn 2006, the number of banks and shops offering indicative euro equivalents on their statements and pricing had increased significantly.

Free Currency Converter

• www.centralbank.gov.cy

Cyprus Rates (1 Cyprus Pound)

Euro	0.584
USA Dollars	0.413
ENG Pound	0.832
JP Yen	0.359

Money advices

• Don't take only one form of money with you - take a mixture of cash and travellers' cheques.
• Don't keep your credit cards, money, passport and travellers' cheques together in one place in case you lose them or they are stolen.
• Leave a credit card at home with your family or friends in case of an emergency.
• Leave details of travellers cheques with your family or friends in case you lose your own.
• Due to EU legislation designed to clamp down on illegal money transfers or transfer to terrorists, Money Transfer Companies now require to see photographic ID. If required the Embassy or High Commission can provide a letter acceptable to the Money Transfer Companies but this will attract a fee and an additional fee for out-of-hours callout.