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.
Share on social networks:
All drone flights and air sports activities, except for those with special permits, are prohibited
All drone flights and air sports activities, except for those with special permits, are prohibited from 05:45 on Wednesday, July 17, until 19:59 on Saturday, July 20, announced the Civil Aviation Department of the Ministry of PublicSea voyage Kyrenia-Anamur
Since June 12, the start of sea travel Kyrenia-Anamur (a city in the province of Mersin), interest in travel continues to increase every day.The World Bank expects the TRNC's economy to grow by 2.7 percent this year.
The World Bank expects the TRNC's economy to grow by 2.7 percent this year.
