Cyprus Pounds 'can Still Be Used'

Cyprus pounds 'can still be used'

Article Date : 10 January 2008
News Section: Cyprus

Leftover Cypriot pounds will not be completely unusable following the island's entry into the Euro, an expert has advised.

Richard Green, travel specialist at the Sunday Times, stated that both currencies would be in parallel circulation in Cyprus until the end of January.

He also said that people with unused notes and coins would be able to exchange them for euros at any of the island's banks for the next six months.

The Central Bank of Cyprus will exclusively deal with the old currency after this point, he added.

This means that people, including those buying investment properties, who are visiting the Mediterranean island during the next six months have not left it too late to convert their money.

Mr Green commented: "Scouring your sock draws for any leftover Cypriot notes or coins won’t be in vein, as it will still be easy to exchange the old currency for the euro for a little while yet."

Speaking after the currency changeover on New Year's Day, European commission president Jose Manuel Barroso said the island had taken a "momentous step" and taken its place at the "very heart" of the EU.

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Article created on behalf of Propertyshowrooms.com News Desk (http://www.propertyshowrooms.com/news/)

Cyprus pounds 'can still be used'

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