The banking system in Cyprus is well-developed and capable of coping with the diverse needs of the business community. The commercial banks in Cyprus have correspondents in most major cities around the world, and transactions can be negotiated in all leading currencies.

The Central Bank of Cyprus is responsible for the monetary, credit, and exchange policy, issues currency and acts as banker of the Government. Commercial Banking arrangements follow the British model, and the majority of commercial banks on the island are now full members of the Society for Worldwide Interbank Financial Telecommunication, (S.W.I.F.T.).

Banking hours for the public: Monday - Friday: 08:15-12:30 but centrally located banks provide "afternoon tourist services" from Tuesday to Friday.

Banks at the Larnaca and Paphos International Airports provide services throughout the day, as well as a night service for most flights.

Banking facilities are also available at the Limassol harbor.

Hotels, large shops, restaurants, etc. usually accept travelers checks and major credit cards. Rates of exchange are published daily in the local press.

Long Beach Property Developers
3 Gr. Afxentiou Ave., Avensia Court 3, Shop 1
P.O. Box 40626, Larnaca 6306, Cyprus

Telephone: +357 24 82 40 24
Mobile: +357 99 47 78 79 or +357 99 44 55 30
Facsimile: +357 24 82 40 25
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