Cypriot EUR Price Parity

As we noted earlier, a Cypriot Euro is implictly worth less than a non-Cypriot Euro thanks to the capital controls being put in place. It appears the exact relative worth, based on prices of restaurants, drinks, food, transportation, utilities, and rent that a Cypriot Euro is worth 91% of a German Euro. But under the surface, the cost of living is notably higher (in common currency units).


You would need around EUR2,960.71 in Nicosia to maintain the same standard of life that you can have with EUR2,700.00 in Berlin (assuming you rent in both cities).

 

 

 

 

Source: Numbeo

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