Cyprus uses the Euro (EUR) as its official currency. Payment methods are modern and widely accessible, with both cash and electronic options available throughout the country.
- Official Currency: Euro (EUR)
- Accepted Payment Methods: Cash, major credit/debit cards (Visa, Mastercard), and mobile payments
- Contactless & Mobile Wallets: Contactless payments and mobile wallets (Apple Pay, Google Pay) are widely accepted in urban areas and tourist locations
- ATM Availability: ATMs are common in cities, airports, and tourist areas; most accept international cards
- Currency Exchange: Available at banks, airports, and licensed exchange offices; banks operate Mon–Fri, typically 08:30–13:30
- Foreign Currency Restrictions: No restrictions on bringing in foreign currency; large cash transactions (over EUR 10,000) may require declaration
- Cash Import/Export Limits: Amounts over EUR 10,000 (or equivalent in other currencies) must be declared to customs upon entry or exit
- Transaction Fees: Foreign card transactions may incur fees (typically 1–3%); check with your card issuer
- Common Payment Issues: Some small businesses may accept cash only; always carry some cash for rural areas
- Major Banks: Bank of Cyprus, Hellenic Bank, Alpha Bank Cyprus
- Regulations: Cyprus follows EU anti-money laundering and financial regulations; travelers should comply with customs requirements
