Money & Costs :: Europe Travel

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Money & Costs

Currency: Cyprus pound
Meals

Budget: €3-10
Mid-range: €10-14
High: €14-20
Deluxe: €20+

Lodging

Budget: €7-12
Mid-range: €12-35
High: €35-60
Deluxe: €60+

Compared with Western Europe, travel in southern Cyprus is moderately inexpensive; compared to the Middle East, you’ll find it pricey. You’ll need to budget around $35 a day if you’re going to stick to public transport, stay in very cheap rooms and live mostly on food from shops rather than from restaurants. Around $70 a day will let you stay in a mid-range place, eat out twice a day, and get about in a hire car. The cost of tourist commodities in the Republic and in the North are similar, though the North is better value when it comes to eating out and at the budget end of accommodation options. Accommodation is more expensive in July and August on both sides of the Green Line. Due to the collapse of the Turkish lira in early 2001, the North offers much better value for your hard currency.

Banks throughout Cyprus will exchange all major currencies in either cash or travellers’ cheques. Most places in the North will accept Cyprus pounds and other hard currencies as well as Turkish lira. In the Republic you can get a cash advance on Visa at most banks, and in the North a couple of banks will do one for you. There are ATMs in most towns and even some villages throughout the Republic. In the North there are ATMs in Nicosia, Famagusta and Kyrenia.

In both parts of the island, a 10% charge is tacked on to most restaurant bills; if not, then a tip of similar percentage is expected. Taxi drivers also expect a tip. Money & Costs

Currency: Cyprus pound
Meals

Budget: €3-10
Mid-range: €10-14
High: €14-20
Deluxe: €20+

Lodging

Budget: €7-12
Mid-range: €12-35
High: €35-60
Deluxe: €60+

Compared with Western Europe, travel in southern Cyprus is moderately inexpensive; compared to the Middle East, you’ll find it pricey. You’ll need to budget around $35 a day if you’re going to stick to public transport, stay in very cheap rooms and live mostly on food from shops rather than from restaurants. Around $70 a day will let you stay in a mid-range place, eat out twice a day, and get about in a hire car. The cost of tourist commodities in the Republic and in the North are similar, though the North is better value when it comes to eating out and at the budget end of accommodation options. Accommodation is more expensive in July and August on both sides of the Green Line. Due to the collapse of the Turkish lira in early 2001, the North offers much better value for your hard currency.

Banks throughout Cyprus will exchange all major currencies in either cash or travellers’ cheques. Most places in the North will accept Cyprus pounds and other hard currencies as well as Turkish lira. In the Republic you can get a cash advance on Visa at most banks, and in the North a couple of banks will do one for you. There are ATMs in most towns and even some villages throughout the Republic. In the North there are ATMs in Nicosia, Famagusta and Kyrenia.

In both parts of the island, a 10% charge is tacked on to most restaurant bills; if not, then a tip of similar percentage is expected. Taxi drivers also expect a tip.


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