• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Just About Cyprus

All About Cyprus

Money and Currency in Cyprus

Last Updated on June 12, 2019 by Nick Sanna

Since the 1st January 2008, the official Cyprus currency is the Euro €. Banks and retail establishments will no longer accept the old Cyprus pounds currency as legal tender.

However, the Central Bank of Cyprus will exchange Cyprus coins for Euros up until 31st December 2009, and Pound notes for Euros until 31 December 2017. The conversion rate between the euro and the Cyprus pound was set at CY£0,585274.

You can find the Central Bank of Cyprus at 80, Kennedy Avenue, CY-1076 Nicosia, or Telephone +357 22 71 41 00.

The euro notes do not have any national element to Cyprus as all Euro notes are the same throughout Europe. The notes come in denominations of 5, 10, 20, 50, 100, 200 and 500 euros. Each has a different color and size. The larger the denomination, the larger the note. See picture above.

Cyprus Euros CoinsThe euro coins do have a national element for each country (See picture right). For Cyprus, there are three.

On the smaller 1, 2 and 5 cent coins depict the Cyprus Mouflon. The 10, 20 and 50 cent coins depict the ancient ship of Kyrenia. While the largest of the coins, the 1 and 2 euro coins depict the Pomos cross.

The common side of all euro coins bears their denomination.

The Cyprus 2 euro coin also won the ‘Best Trade Coin‘ award in 2009, which was organized by the American publisher of ‘World Coin News.’ According to the judges, the coin possesses all-around appeal both from the aesthetic and commercial viewpoints, and best meets the primary considerations of actual circulation as a monetary unit.

Exchanging Currencies

It’s easy to find currency exchange outlets in Cyprus, in banks, or many hotels and shops, especially in tourist areas.

It’s advisable if you are arriving on holiday to bring a few euros with you, just in case you visit on a long holiday weekend such as Easter, when it may be more challenging to get currency exchanged. You can then swap the rest of your money as and when needed throughout your holiday time.

Large Money Transfers

If you need to send a significant amount of money to Cyprus to be exchanged to euros, for instance for a property purchase, then it is easy to do so via International bank transfer. There are also licensed foreign currency exchange broker companies in Cyprus that specialize in foreign currency transfers and may offer you a better rate of exchange than the banks

Before transferring any substantial amount of money, it is advisable to check out charges and rate of exchange first to keep your costs as low as possible. Some banks have significantly increased fees, so look around for your best option.

You should ensure that you receive the commercial rate of exchange and not the tourist rate of exchange.

Related Posts

  • Cyprus Map
    Cyprus Maps

    A selection of different political, geographical, and historical maps for Cyprus.

  • Cyprus Weather
    View from the beach

    Cyprus has mostly a dry and warm climate all year round, but it does also…

  • Cyprus Population
    Cyprus population figures

    Demographics of Cyprus The total population of the island is 1,133,803 according to the 2011…

  • Traditional Cyprus Recipes
    traditional recipes

    Relive your holiday in Cyprus with a homemade traditional Cypriot meal. Most of these recipes…

  • Time in Cyprus
    Time

    Cyprus is in the Eastern European Time Zone (EET) and it observes daylight saving time…

  • British Passport Applications From Cyprus
    British Passport Changes

    Please note the changes for British Passport Applications which take effect from 15th April 2013.…

Filed Under: Information

Primary Sidebar

Who is Just About Cyprus?

Just About Cyprus is a free resource for travelers looking to visit the island of Cyprus. We feature informational articles about attractions, culture, and recipes. Just About Cyprus is owned and operated by Redland Media. To learn more, please visit our about us page.

Learn Greek Language

Cyprus Cuisine

Baklava

Cyprus Recipes – Baklava

Baklava is found throughout the Mediterranean region. Like every country … [Read More...] about Cyprus Recipes – Baklava

fasolada bean soup

Cyprus Recipes – Fasolada

Fasolada is a white bean or fava bean soup that dates back to the Ancient … [Read More...] about Cyprus Recipes – Fasolada

Explore Cyrpus

pebble filled beach at Lara Bay, Paphos in Cyprus

Lara Beach (Akamas Peninsula)

Lara Beach is a remote, pristine stretch of coast in the Akamas Peninsula … [Read More...] about Lara Beach (Akamas Peninsula)

AG Leventis botanical Gardens

A.G. Leventis Botanical Gardens

The A.G. Leventis Botanical Gardens in Troodos National Park was created in … [Read More...] about A.G. Leventis Botanical Gardens

Categories

  • Attractions
  • Blog
  • Culture
  • Information
  • Lifestyle
  • Recipes

JustAboutCyprus.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc or its affiliates.

Footer

Just About Cyprus

  • Contact Us
  • About Us
  • Terms of Service
  • Privacy Policy

Mailing Address
Redland Media, LLC
9164 Eastchase Parkway
Suite 127
Montgomery, AL 36117
Phone: (334) 245-4316
Email: admin@justaboutcyprus.com

Redland Media, LLC Brands

  • Yard and Garage
  • Alterables
  • Scout It Up

© 2025 Just About Cyprus