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Sterling in south?
Posted: Sat 28 Jul 2018 8:05 am
by disean
Does anyone know wether you can spend sterling in South Cyprus, or is it only Euros? Thanks
Re: Sterling in south?
Posted: Sat 28 Jul 2018 8:08 am
by ozankoys
At many shops you can elect to pay credit card in Sterling but I have never seen anybody paying with cash.
Re: Sterling in south?
Posted: Sat 28 Jul 2018 8:14 am
by flowerfairy
Euro only if paying cash.
Re: Sterling in south?
Posted: Sat 28 Jul 2018 8:30 am
by mrsgee
I tried a few years ago and got sent to a cash machine to get euros..
Re: Sterling in south?
Posted: Sat 28 Jul 2018 9:19 am
by disean
Thank you all for your replies, will get Euros before I go!!
Re: Sterling in south?
Posted: Sun 29 Jul 2018 6:28 am
by Steve C
It's best to always pay in local currency when using a credit card not sterling.
Re: Sterling in south?
Posted: Wed 01 Aug 2018 1:30 pm
by Kizzy
Just for info. ~ You can use Lira at Messios, it's the first small supermarket on the right after you exit Metehan heading towards the Coca Cola Factory. Sterling not accepted though
Re: Sterling in south?
Posted: Wed 01 Aug 2018 2:33 pm
by waddo
Steve C - Why? I always pay with credit card in Sterling anywhere in the EU because there is no charge to do so and also no charge for any exchange rate as nothing to exchange! The EU total of purchase is automatically exchanged to the Sterling value at the time of payment and is done at the latest bank rates.
Re: Sterling in south?
Posted: Wed 01 Aug 2018 2:48 pm
by EnjoyingTheSun
waddo wrote:Steve C - Why? I always pay with credit card in Sterling anywhere in the EU because there is no charge to do so and also no charge for any exchange rate as nothing to exchange! The EU total of purchase is automatically exchanged to the Sterling value at the time of payment and is done at the latest bank rates.
Martin Lewis always says pay in the currency of the country you are in and he knows a thing or two about saving money.
https://blog.moneysavingexpert.com/2013 ... 1533131108
Re: Sterling in south?
Posted: Wed 01 Aug 2018 6:11 pm
by waddo
Interesting - you learn a little everyday - must try to get out more!!!
Re: Sterling in south?
Posted: Wed 01 Aug 2018 7:16 pm
by Jonnie
waddo wrote:Steve C - Why? I always pay with credit card in Sterling anywhere in the EU because there is no charge to do so and also no charge for any exchange rate as nothing to exchange! The EU total of purchase is automatically exchanged to the Sterling value at the time of payment and is done at the latest bank rates.
Basically your bank on a bad day will give you a better exchange rate than one calculated at the payment point.
Re: Sterling in south?
Posted: Wed 01 Aug 2018 7:28 pm
by EnjoyingTheSun
waddo wrote:Interesting - you learn a little everyday - must try to get out more!!!
And my fee for that info is a mere 20% of your yearly savings
Re: Sterling in south?
Posted: Wed 01 Aug 2018 7:34 pm
by Keithcaley
EnjoyingTheSun wrote:waddo wrote:Interesting - you learn a little everyday - must try to get out more!!!
And my fee for that info is a mere 20% of your yearly savings
A snip!
Re: Sterling in south?
Posted: Wed 01 Aug 2018 8:16 pm
by waddo
Done deal but what you are going to spend 26 kuros on is quite beyond me - lol.