The currency of the Republic is the Cyprus pound - CY £, which is divided into 100 cents. Notes and coins currently in circulation are as follows:

Banknotes: C£20, C£10, C£5, C£1.

Coins: 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents.

The Cyprus pound is not traded internationally. Commercial Banks quote daily the exchange rates of the Cyprus pound against all the major traded foreign currencies while the Central Bank quotes daily the Cyprus pound vis-a-vis the EURO, the U.S. dollar, the Pound Sterling and other currencies.