Republic of Cyprus
Commissioner to the Presidency

Information for Overseas and Repatriated Cypriots

Exchange and Capital controls

Temporary restrictions

In March 2013, in the context of the agreement on a European Union/International Monetary Fund financial assistance programme for Cyprus, the Cypriot authorities imposed temporary restrictive measures on capital movements, payments and other transactions. The temporary measures have been amended several times since March 2013, according to a roadmap for their gradual abolition and restoration of free capital movement.

Persons wishing to travel or undertake transactions in Cyprus are advised to consider the restrictive measures in force, which may be found on the website of the Central Bank of Cyprus:

Import of currency by travellers

There are no restrictions on the import of currency. However, in accordance with the European Regulation (EC) No 1889/2005 and national law, persons entering or leaving Cyprus must declare to Customs their cash (in any currency) and gold having a value of EUR10.000 or more. Such declaration also facilitates the re-export of currency.

World Conference of Overseas Cypriots