WHAT ABOUT THE CURRENCY … IS IT EASY TO UNDERSTAND?

Yes … the Cyprus currency system is based on the decimal system. One Cypriot Pound is divided into 100 cents. Coins range in value from one cent to 50 cents and four bank notes are in circulation: CY£ 1, CY£ 5, CY£ 10 and CY£ 20.

As a result of joining the EU in May 2004, Cyprus will be changing currency. The Euro is due to be phased in during 2007 - great news for Irish residents.