Cyprus ... Protanas, Ay-Anapa, Paphos ...This amazing combination of sounds is associated with the incredible atmosphere of the sun and the sea. Once you have chosen this island, you will certainly have the desire to return there again.
A significant historical fact is linked with the currencyCyprus. Until recently, the monetary unit of Cyprus was the pound (CYP). In 2008, on January 1, an official transfer to the euro was made. Pounds were finally out of circulation by the end of June 2008.
Thus, the single currency of Cyprus -euro, equal to 100 cents. The money turnover includes bills with a face value of 5 to 500 euros. Coins are designated as 1, 2, 5, 10, 20 and 50 cents. It is noteworthy that the size of the banknote is tied to the denomination of the note: the more significant the number on the banknote, the greater the size of the bill. As for the coins, one side repeats the design of coins of the Euro currency zone, and the reverse is decorated with national symbols. However, this does not prevent the circulation of the Cyprus coin in all countries of Europe.
You can exchange currency upon arrival at the airport orsame in one of the banks. However, some prefer to change the currency from local money, although it is illegal. In addition, in the presence of an amount exceeding 1000 US dollars, it is necessary to have a declaration with you.
Despite the fact that the single state currencyCyprus - this is the euro, in the northern part of the island is recognized and the Turkish lira. She has a legal circulation. In addition, it accepts the old currency of Cyprus - the former Cypriot pound, and another currency.
Money from the card is unprofitable to withdraw through the ATM, but it is more expedient to make large purchases using a payment card.
Those who arrived on the island for the first time needto know in advance that the banks are working only until lunch. In particular, the working day of these institutions lasts from half past eight to half past twelve. However, in some tourist cities, rare banks work after lunch.
A very pleasant fact for foreign citizensis the fact that with a purchase exceeding the amount of 100 pounds, a VAT refund is possible. For this it is necessary to fill in the check at the entrance with an unusual formulation of "tax-free". When leaving the island, it's enough to show your purchases and passport at customs. After that, the appropriate stamp will be put on the "tax-free" and the amount in the amount of VAT will be transferred by transfer.
The largest bank in Cyprus is a serious institution(Bank of Cyprus), whose shares are quoted on the stock exchange. Along with it, banks like Hellenic Bank Public Company Limited, USB Bank Plc and Marfin Popular Bank Public Co Ltd have proved to be reliable.
Even before the status of a Cypriot tourist,it is necessary to study some laws of Cyprus. In particular, the law on the acquisition of real estate. Foreigners wishing to become owners of Cyprus real estate are required to perform some formalities. However, even when these conditions are met, there are some restrictions regarding the size and type of real estate. So, it is allowed to purchase only one apartment or house. As for the plot of land for construction, then the area is limited to 4.014 square meters. If a person has lived and worked in Cyprus for a long time, he gets permission to buy a second house.
