Euro
The Cypriot pound was replaced by the euro as official currency of the Republic of Cyprus on 1 January 2008 at the irrevocable fixed exchange rate of 0.585274 CYP per 1 euro. However, pound banknotes and coins continued to have legal tender status and were accepted for cash payments until 31 January 2008. The coins of the Cyprus Pound. Towards the end of the Cypriot pound era some cashiers omitted the 1 and 2 cent coins from the change they gave. Many owner operated businesses, though, often rounded down the net amount to be paid to the nearest multiple of 5 cents. Currency in Northern Cyprus. The main currency used in Northern Cyprus is the Turkish Lira. Other main currencies such as US dollars, British pounds or euros are accepted in major urban areas. Bank notes are available in 1, 5, 10, 20, 50 and 10 lira denominations and coins come in 1 lira and 50, 25, 10 and 1 kurus units. It would be advisable to arrive with foreign currency as the exchange rates available are better in Northern Cyprus than outside. Rates for 1 Turkish Lira (TRY) currently stand at 0.43GBP, 0.49EUR and 0.67USD The Cyprus national currency was replaced by the euro on 1 January 2008. The currency entered the Exchange Rate Mechanism II on 2 May 2005 and it was limited within the band of CYP 0.585274 ±15% per euro. CYP coins were convertible at the Central Bank of Cyprus until 31 December 2009 and CYP banknotes will be convertible until 31 December 2017. For a wider history surrounding currency in the region, see The History of British Currency in the Middle East. The British introduced the pound sterling unit to Cyprus in 1879 at a rate of one to 180 Turkish piastres. It remained equal in value to the pound sterling until 1972 and was initially divided into 20 shillings. The coins of the Cyprus Pound. Towards the end of the Cypriot pound era some cashiers omitted the 1 and 2 cent coins from the change they gave. Many owner operated businesses, though, often rounded down the net amount to be paid to the nearest multiple of 5 cents. The Cyprus pound was replaced by the euro as official currency of the Republic of Cyprus on 1 January 2008 at the irrevocable fixed exchange rate of CYP 0.585274 per EUR 1.00. CYP coins were convertible at the Central Bank of Cyprus until 31 December 2009 and CYP banknotes will be convertible until 31 December 2017. For a wider history surrounding currency in the region, see The History of British Currency in the Middle East. The British introduced the pound sterling unit to Cyprus in 1879 at a rate of one to 180 Turkish piastres. It remained equal in value to the pound sterling until 1972 and was initially divided into 20 shillings (σελίνι / σελίνια, şilin). CYP coins were convertible at the Central Bank of Cyprus until 31 December 2009 and CYP banknotes will be convertible until 31 December 2017. For a wider history surrounding currency in the region, see The History of British Currency in the Middle East. Transport & Communications Currency & Credit Cards The unit of currency in North Cyprus is Turkish Lira (TL). The approximate exchange rate fluctuates daily, so it's best to check the rate at the many banks, exchange bureaus or at your hotel before you change your money. North Cyprus is blessed with seemingly endless sunshine and enjoys one of the healthiest climates in the world. The average annual temperature is about 20C /68F. Summers are hot with July and August averaging over 30C / 90F. In 1955, Cyprus decimalized with 1000 mils to the pound. Colloquially, the 5 mil coin was known as a piastre (not an exact equivalence) and the 50 mil coin as a shilling (an exact equivalence). The subdivision was changed to 100 cents to the pound in 1983. The coins of the Cyprus Pound. Towards the end of the Cypriot pound era some cashiers omitted the 1 and 2 cent coins from the change they gave. Many owner operated businesses, though, often rounded down the net amount to be paid to the nearest multiple of 5 cents. NB Rates provided for information only. The Currency Converter is provided by xe.com. xe.com and its owners shall not be liable to User or any third party for any damage or loss incurred, monetary or otherwise, directly or indirectly, as a result of the use of the xe.com or the xe.com code. This website shall not be liable for any losses or damages incurred in connection with this site. SHARE | BOOKMARK The pound, also known as the lira (Greek: λίρα / plural λίρες and Turkish: lira, from the Latin libra through the Italian lira), was the currency of Cyprus, including the Sovereign Base Areas in Akrotiri and Dhekelia, until 31 December 2007, when the Republic of Cyprus adopted the euro. CYP coins were convertible at the Central Bank of Cyprus until 31 December 2009 and CYP banknotes will be convertible until 31 December 2017. For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.
http://www.cyprus.com/cyprus-currency.html http://www.northerncyprus.com/guide/northern-cyprus-currency.asp https://en.wikipedia.org/wiki/Cypriot_pound http://www.cyprus.com/cyprus-currency.html https://en.wikipedia.org/wiki/Cypriot_pound https://en.wikipedia.org/wiki/Cypriot_pound http://www.cypnet.co.uk/ncyprus/tourism/guideline.html http://www.cyprus.com/cyprus-currency.html http://wwp.greenwichmeantime.com/time-zone/europe/european-union/cyprus/currency/ https://en.wikipedia.org/wiki/Cypriot_pound
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