The currency of the Republic used to be the Cyprus pound (CY£), but from 1st January 2008 this was replaced by the Euro as the legal tender money of Cyprus. It was exchanged at a fixed exchange rate € 1 = CY£ 0,585274.
All banks operating in Cyprus offer foreign currency exchange services and quote the exchange rates of the Euro against all major foreign currencies daily. Foreign currency can also be exchanged at hotels. More detailed information concerning exchange rates can be obtained from the Central Bank of Cyprus.
The main domestic and foreign banks are the Alpha Bank Ltd, Bank of Cyprus, Co-operative Central Bank Ltd, Cyprus Popular Bank, Emporiki Bank (Cyprus Ltd), Hellenic Bank, National Bank of Greece (Cyprus) Ltd, Société Générale (Cyprus Ltd) and Universal Bank Ltd.
There is a charge for some banking transactions in Cyprus banks. A list of charges is available from local branches or via the banks website.
Cyprus banks generally don’t open at weekends and are always closed on Bank Holidays.
Monday to Friday 8.15 – 13.30
Monday 15.15 – 16.45
Co-operative Central Banks
Monday to Friday 14.30 – 17.15
Saturday 8.00 – 13.30
Banking facilities are available at the island’s two international airports (Larnaca and Paphos) up to 24 hours a day.