{"id":48,"date":"2024-06-03T06:56:29","date_gmt":"2024-06-03T06:56:29","guid":{"rendered":"https:\/\/xenion.ced-dev.com\/the-cyprus-school-of-english\/?page_id=48"},"modified":"2024-10-15T17:00:17","modified_gmt":"2024-10-15T14:00:17","slug":"money-and-currency","status":"publish","type":"page","link":"https:\/\/www.xenion.ac.cy\/the-cyprus-school-of-english\/money-and-currency\/","title":{"rendered":"Money And Currency"},"content":{"rendered":"\t\t
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MONEY AND CURRENCY<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Money and Currency<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Currency<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe currency of the Republic is the Euro.\nThere are seven denominations in Euro banknotes: 5, 10, 20, 50, 100, 200 and 500 euro. They are of\u00a0different colours and sizes; the higher the denomination, the bigger the size. One euro is divided into 100 cents. There are eight euro coins: 1, 2, 5, 10, 20 and 50 cent, \u20ac1 and \u20ac2. The design on one side of the coins\u00a0is common to all the countries of the euro area, while the other side reflects national identities. All euro coins can be used in all euro area countries, irrespective of their national origin.\nMore details can be obtained at the Euro website for Cyprus\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Currency Exchange<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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All banks operating in Cyprus offer foreign currency exchange services and quote the exchange rates of the\u00a0Euro against all major foreign currencies daily. Foreign currency can also be exchanged at hotels. More detailed information concerning exchange rates can be obtained from the Central Bank of Cyprus. You can also use the currency converter.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Forms of Payment<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Hotels, large shops and restaurants accept credit cards, travellers’ cheques, Eurocheques and banknotes of major foreign currencies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Tipping<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Since a 10% service charge is levied in hotels and restaurants, tipping is not obligatory but is always welcome and appreciated.<\/p><\/article><\/div><\/div><\/div><\/div><\/div><\/section>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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V.A.T. Refund<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • They are not holders of a passport or other form of identification from an EU Member State.<\/span><\/li>\n \t
  • They have not resided in Cyprus for more than 365 days in the two years immediately prior to the date of purchase of the goods,<\/span><\/li>\n \t
  • The total purchased from one store or a chain or stores is more than 171 Euros and below 17 100 Euros,<\/span><\/li>\n \t
  • The goods are exported in visitors’ hand luggage by the last day of the third month following the month in which the goods were purchased.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

    In order to claim your V.A.T. refund you will have to:<\/span><\/h2>\n
      \n\n \t
    • Make your purchases from shops that display a tax-free shopping sign and simply ask for your tax-free document.<\/span><\/li>\n \t
    • When leaving Cyprus show your purchases and passport to customs officials and have your tax-free document stamped.<\/span><\/li>\n \t
    • Receive your refund by the method of your choice.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\nMore detailed information can be obtained from the V.A.T. Service of the Customs and Excise Department<\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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      Holiday Budget<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      • A single bus ticket costs around \u20ac 1:50<\/span><\/li>
      • A glass of beer costs between \u20ac 3.50 and \u20ac 5<\/span><\/li>
      • A ticket to the cinema costs around \u20ac 8 for adults and \u20ac5 for children<\/span><\/li>
      • A ticket to the theatre costs between \u20ac 5 and \u20ac 25<\/span><\/li>
      • A ticket to a concert or opera can cost between \u20ac 10 and \u20ac 77<\/span><\/li>
      • Continental breakfast costs between \u20ac 3.40 and \u20ac 6<\/span><\/li>
      • Lunch \u2013 a fixed menu costs between \u20ac 10 and \u20ac 13.50<\/span><\/li>
      • Dinner at a local tavern (meze, including beer or cold drink) costs around \u20ac 20<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

        MONEY AND CURRENCY Money and Currency Currency The currency of the Republic is the Euro. There are seven denominations in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-48","page","type-page","status-publish","hentry"],"yoast_head":"\nMoney And Currency - The Cyprus School Of English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xenion.ac.cy\/the-cyprus-school-of-english\/money-and-currency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Money And Currency - The Cyprus School Of English\" \/>\n<meta property=\"og:description\" content=\"MONEY AND CURRENCY Money and Currency Currency The currency of the Republic is the Euro. 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