Can I still use the Cyprus pound?

Cyprus Euros

If you are going to Cyprus this year and are wondering if you can still use your old Cyprus pounds then hopefully this bit of information will be of help.

From January 1 2008 the Euro became the legal tender on Cyprus at the fixed exchange rate of €1=CY£0.585274.

According to the Sunday Times travel expert you should be able to exchange your old money (up to £1,000 Cyprus Pounds per customer per transaction in notes, and up to £50 in coins) free of charge at any of the Island’s banks. From July 1 an exchange will continue to be possible, but only at the Central Bank of Cyprus in Nicosia, until the end of 2017.

If you are a regular visitor to Cyprus and had got used to the old currency and its value, there will be dual display of prices in Cyprus pounds and Euro’s until September 30th 2008, this is good to see which places are trying to profiteer out of the change of currency.

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