Banking Hours
Banks in Cyprus are only opened from 8.15am until 12.30pm from Monday to Friday. They are not opened in the afternoon except on Mondays from 3.15pm until 4.45pm. Airports' banks however are open the whole day.
Currency
Prior to Cyprus joining the European Union, the legal tender used to be the Cyprus Pound. Since 1st January 2008, the legal tender has been changed to the Euro. One euro comprises of 100 cents. The euro notes comes in 7 denominations namely, €5, €10, €20, €50, €100, €200, and €500. Euro coins comes in 8 denominations namely, 1, 2, 5,10,20,50, €1 and €2. One side of the coin shows the national identity while the other side of the coin reflects the same design throughout the EU. The legal tender for the Turkish Republic of Northern Cyprus is the Turkish lira. For those to wanting to procure non Cypriot currencies through Cypriot banks for commercial transactions, prior arrangements are needed.
ATM, Credit Cards and Traveller's Cheques
International Credit Cards are widely accepted in Cyprus . ATM can be found in most tourist spots and in the major towns. Visitors to Cyprus holding traveller's cheques can cash them at any banks in Cyprus . However to avoid paying additional charges, you are advised to use traveller's cheques denominated in Euros or British pounds.
Business Hours
Most shops are opened from 8am to 1pm and 4pm to 7.30pm during the summer. During the winter, the shops close at around 6pm. In addition, shops are only opened until 2pm on Wednesday. Late night shopping falls on Friday where most shops close at around 8.30pm.
