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British holidaymakers have been warned to be aware of the forthcoming adoption of the euro in Cyprus and Malta on 1 January 2008.

A survey by foreign exchange company Travelex found that nearly three quarters of British travellers were unaware that the Mediterranean islands will change their currencies to the euro next year.

This is despite the popularity of the countries with UK holidaymakers, with 57% of visitors to Cyprus and 38% of travellers to Malta in 2006 thought to have come from Britain.

Travelex said that the Cyprus pound and the Maltese lira are among the top ten most popular currencies with its customers.

Steve O'Donovan of the company's outsourcing department warned that regular travellers to the islands could lose out if they do not make use of any leftover currency soon.

'Our research shows that 50% of travellers don't exchange their leftover travel money,' he said.

'With the change in currency coming up in two major holiday destinations, we are urging travellers to make sure they don't lose out.'

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