Record decrease of Turkish Lira was reached during recent days. Latest currency exchange rates have reached the following values: 1GBP – 3.21TL; 1 Euro – 2.69TL, and 1 US dollar – 2.05TL. Some economists unite in opinion that record decrease of the TL is the result of recent measures taken by US and Great Britain. The devaluation of the TL is causing financial harm to local residents that have taken loans in foreign currencies. According to Jim Rogers, an expert in the financial and investment fields, there is no specific reason for the fall of the Turkish Lira, and the currency will resume its place in the market. Foreign nationals and tourists that are spending these last months in Northern Cyprus are finding themselves in fortunate position, as they are changing foreign currency to Turkish Lira at higher rates.
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Immigration Amnesty in the TRNC — May 2026
In April–May 2026, new amendments to immigration legislation came into force in the Turkish Republic of Northern Cyprus, introducing a temporary immigration amnesty for foreign nationals residing in the country without valid legal status.Legal Update: New Regulations for Foreign Property Buyers in North Cyprus (May 2026)
Legal Update: New Regulations for Foreign Property Buyers in North Cyprus (May 2026)Heavy rainfall and strong winds today. Drive safely and follow official updates.
The Prime Ministry’s Disaster and Emergency Committee has issued an important advisory as severe weather conditions continue to affect several regions across the country.The Turkish Republic of Northern Cyprus has introduced updated regulations for the acquisition of real estate by foreign citizens
The Turkish Republic of Northern Cyprus has introduced updated regulations for the acquisition of real estate by foreign citizens
