Cyprus - Import and Export Money

You can import any amount of local or foreign bank notes. You should declare to Customs any Cypriot and foreign banknotes for the purposes of deposit with banks in Cyprus, purchase of goods or immovable property, or re-export. You can export any amount of Cypriot or foreign banknotes declared on arrival. Foreign visitors may take out with them up to CY�100 in Cypriot bank notes.

These banks are authorised dealers reporting to the Central Bank of Cyprus and allowed to deal in foreign currency: Alpha Bank Ltd, Arab Bank Plc, Bank of Cyprus Ltd, Commercial Bank of Greece (Cyprus) Ltd, Co-operative Central Bank Ltd, Cyprus Popular Bank Ltd, Hellenic Bank Ltd, National Bank of Greece (Cyprus) Ltd, Societe General Cyprus Ltd and Universal Savings Bank ltd.

If you are buying a property overseas, whether as an investment, holiday or retirement home, or to live permanently, it is likely that you will have to pay for your property in a foreign currency. Given the sums of money involved in a property transaction and the associated additional costs, you will no doubt want to save money wherever possible. You will also want to ensure that the price that you have to pay for your property does not increase due to an adverse exchange rate movement. There are specialist organisations which can assist you with your purchase transactions - Contact http://www.moneycorp.com