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Britons advised on Cyprus currency change

Article Date : Monday, December 03, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

People from the UK have been advised to prepare for the forthcoming currency change in Cyprus.

The Mediterranean island is set to enter the euro on January 1st 2008 - nearly four years after its accession to the European Union.

This has prompted foreign exchange specialist Travelex to recommend that regular visitors to Cyprus make sure they do not have any outstanding money leftover from previous trips.

Steve O'Donovan, spokesperson for the firm, stated that half of British travellers do not convert their cash when they return from a foreign holiday.

This means that people who return to Cyprus in 2008 could find themselves with invalid tender that they cannot use.

Mr O'Donovan said: "With the change in currency coming up, we are urging travellers to make sure they don't lose out."

According to Travelex, more than half of the foreign tourists who visit Cyprus come from the UK.
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