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Cyprus Currency

The Cyprus currency system is based on the Euro.

On the 1st of January 2008 the Euro will become Cyprus`s official currency while since the 10th of July 2007 the rate of the Cyprus Pound against the Euro has been fixed. The stability of the Cyprus Economy and its reaction to this prospect has been impressive. Very little pressure has been exercised; inflation stayed at low levels and unemployment is still one of the lowest worldwide despite a large influx of people from other European countries coming to the island looking for employment.

 

Money Transfers.

The process of buying a property abroad for some people is not made any easier by the additional conversion to a foreign currency. Having been aware of this for sometime, Cyprus Ideal sought a company in that field who had empathy with this fact and could provide a simple inexpensive service.

We found a company with vast experience and dedicated staff who would clearly save our clients time, money and effort - Sterling Exchange.

Sterling Exchange has a simple three step transfer process for clients, available 24 hrs per day:
- Open an account ( passport or driving licence, with proof of address)
- Agree the rate and purchase the currency on a deal receipt ( discuss your needs with your own currency planner)
- Transfer the currency into your designated bank account (using specialist financial tools).

Sterling Exchange benefits Cyprus Ideal clients by:
- Not charging any transfer fees
- Not charging commission
- Having no minimum transaction amount
- Designating individual currency planners
- Holding fixed rates for two years
- Having 24 hour client services
- Opening Foreign Bank accounts

Sterling Exchange can ease the process for both private individuals and corporate clients, saving time and money.

Call Kevin Mohan on 01937 225015. (Quote Cyprus Ideal to get the best deal)

 

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