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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Booster vaccination against Covid-19
Booster vaccination against Covid-19 became available as of Wednesday morning, November 2, 2022Reducing the price of gasoline in Northern Cyprus
A reduction in price per litre of 98 and 95 octane unleaded petrol of 1.33 TL came into effect as of 00.01 this morning, Yeniduzen reportedNew minimum monthly wage in Northern Cyprus
The new minimum monthly wage will be TL 9,885 gross and TL 8,600 net.According to the decision of the Council of Ministers, fuel prices in Northern Cyprus have been increased
According to the decision of the Council of Ministers, fuel prices in Northern Cyprus have been increased
