Cyprus has the euro EUR, € as its currency. Therewith, Cyprus belongs to the 23 European countries that use the common European money. These 23 countries are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain official euro members which are all European Union member states as well as Andorra, Kosovo, Monaco, Montenegro, San Marino and Vatican which use it without having a say in eurozone affairs and without being European Union members. These countries together have a population of 327 million.
One euro is divided into 100 cents. While each official euro member as well as Monaco, San Marino and Vatican issues its own coins with a unique obverse, the reverse as well as all bills look the same throughout the eurozone. Nonetheless, every coin is legal tender in any of the eurozone countries.
If you have any old Cypriot pounds lying around, the Central Bank of Cyprus in Nicosia will exchange them at a rate of CYP 0.585274 per €1 until 2017.
In the Northern part, the "official" currency is the Turkish lira. Euro's are widely accepted in Northern tourist centers, but typically at a 2/1 ratio while actually 1 TL = â¬ 0.42 April 2012. There are many ATMs in the North too.