The official currency of North Cyprus has been the Turkish Lira since 2005. It is abbreviated as TL. Banknotes: 200, 100, 50, 20, 10, 5 TL. Coins: 1 TL, 50, 25, 10 kurus. Pounds, Euros, and US Dollars can be exchanged at exchange offices and are frequently used in shops. ATMs are available in all cities for withdrawing cash with bank and credit cards. Credit cards are accepted at all hotels, restaurants, and shopping centers.