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Cyprus 4 Travel: Money |
South Cyprus
Banknotes
There are four denominations for the Republic of Cyprus banknote - 1, 5, 10 and 20 Cyprus Pounds (CYŁ). All the notes vary slightly in colour and size, but are all decorated with people that played an important part in the history of Cyprus. Each banknote is written in English and Greek.
Coins
The Cyprus Pound is divided into 100 Cents. The coins come in 1, 2, 5, 10, 20 and 50 Cent pieces. All the coins are round, expect the heptagonal 50 cent coin.
North Cyprus
Banknotes
North Cyprus does not have its own currency. Instead it uses the New Turkish Lira (YTL). This came into effect in January 2005. Do not accept the Old Turkish Lira as this has not been completely withdrawn. There are six denominations of the banknote - 1, 5, 10, 20, 50 and 100 YTL. Each note features Turkish national symbols and major historical figures. Currencies also accepted in North Cyprus are Pounds Sterling and the Cyprus Pound. Although traders tend to offer an exchange rate with the Cyprus Pound of up to 15% off its true market value.
Coins
There are six new coins - 1, 5, 10, 25, 50 Kurus and the 1 YTL coin. There are 100 Kurus in the New Turkish Lira.
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