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Currency exchange

Currency-Exchange Rates
The currency of the Republic is the Cyprus pound-C, which is divided into 100 cents.
Notes and coins currently in circulation are as follows:-
Bank notes: C£20, C£10, C£5, C£1.
Coins: 1 ceent,2 cents, 5 cents, 10 cents, 20 cents, 50 cents.
The Cyprus Pound is not traced internationally. Commercial Banks quote diary the exchange rates of the Cyprus Pound against all traded foreign currencies while the Central Bank quotes daily the Cyprus Pound vis-à-vis the ECU (European Currency Unit), the US Dollar, the Pound Sterling, the Deutsche Mark and the Greek Drachma.
Exchange rates (selling by Banks) are ass follows (These rates were applicable on the 13th November 1995 and are given as an indication only): Sterling £1=C£0,71, US$1=C£0,45, DM1=C£0,32, F Fr1=C£0,09, C£1=GDR516
Import of Bank notes
Visitors may import any amount of Cypriot or foreign bank notes. They should declare to customs, on form D.(NR), their Cypriot and foreign bank notes for purposes of; deposit with banks in Cyprus, purchase of goods or immovable property, or re-export.
Export of Bank notes
Visitors may export any amount of Cypriot or foreign bank notes they declared on arrival, on form D.(NR). They may also export up to the equivalent of USD 1.000 in Cypriot or foreign bank notes which they imported, even if they did not declare them on arrival. In addition, visitors may take out with them up to C£100 in Cypriot bank notes.
Note: Only the following authorized dealers reporting to the Central Bank of Cyprus are allowed to deal in foreign currency: Bank of Cyprus Ltd., Cooperative Central Bank Ltd., The Cyprus Popular Bank Ltd., Hellenic Bank Ltd., The National Bank of Greece (Cyprus) Ltd., Arab Bank PLO., Barclays Bank PLO., Commercial Bank of Greece SA, and Lombard Bank Ltd.