Cyprus - Money
Currency & Money
The currency in the Republic of Cyprus is the Euro (EUR; symbol €) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2 and 1, and 50, 20, 10, 5, 2 and 1 cents. The currency used in north Cyprus is the Turkish Lira (TL; symbol ₺ ) = 100 kuruş. Notes are in denominations of ₺200, 100, 50, 20, 10 and 5. Coins are in denominations of ₺1, and 50, 25, 10, 5 and 1 kuruş. Euros, Pound Sterling and US dollars are generally accepted in the north.
All major credit cards, such as Visa, MasterCard, Diners Club and American Express, are accepted at larger restaurants and shops, and in hotels. Smaller shops, such as those in villages, and rural tavernas are unlikely to accept credit cards. Entry to museums and tourist attractions are payable in cash.
There are reliable ATMs in main towns and tourist areas. As of early 2013, withdrawals from Cypriot banks are limited due to the ongoing capital controls imposed on banks throughout the country. Carrying cash, rather than relying on cards, is recommended.
Cheques may be cashed in all banks. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros.
South Cyprus: Mon-Fri 0800-1430. North Cyprus generally operates during the same hours. Banks are closed on public holidays.
There are no restrictions on the import or export of local or foreign currency. However, amounts exceeding €10,000 or equivalent must be declared at customs, regardless of whether you’re travelling to or from a country inside or outside the European Union.
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