The Board of Directors of the Central Bank of the TRNC has raised the annual interest rates applied to deposit accounts in Turkish lira, reserve accounts, as well as to rediscount transactions, discount and advance transactions in Turkish lira, effective April 2, 2021.
According to a statement from the Central Bank's Administrative Center, the interest rate applied to deposit accounts in Turkish lira, on which interest is charged at the Central Bank, regardless of their maturity, ranges from 13.75 percent to 15.25 percent per annum. The interest rate applies to Turkish Lira. Foreign currency interest rates have not changed.
The discount interest rate to be applied in rediscounting transactions carried out by the Central Bank on commercial promissory notes issued in Turkish lira will range from 20.00% to 21.50% per annum in exchange for bonds of the industrial, export, tourism, education and agricultural sectors issued in Turkish lira. Discount interest rates to be applied on bookkeeping transactions range from 17.25 percent to 18.75 percent per annum, from 16.25 percent to 17.75 percent for small commercial promissory notes, and the interest rate applied in advance to transactions with foreign exchange is 16 percent.
Share on social networks:
Northern Cyprus Property Market: A More Mature Market
The Northern Cyprus property market is evolving. After years of rapid growth, the market is becoming more mature while buyers are becoming more selective. Why is demand for completed properties increasing, which areas remain the most attractive, and what opportunities lie ahead for investors? AllianceNC reviews the key trends shaping the market in 2026.Northern Cyprus Real Estate, June 2026 – Key Market Highlights
North Cyprus: Property Market and Tourism Update – June 2026. The North Cyprus property market continues to evolve as it enters a more stable phase of growth. Which areas remain the most sought-after? What is happening in Iskele and Esentepe? How is tourism supporting property investment opportunities in 2026? Read AllianceNC's latest June market overview.North Cyprus Real Estate 2026: Property Prices, Rental Yields and Investment Guide.
North Cyprus Real Estate 2026: Property Prices, Rental Yields and Investment Guide.Rental Prices in North Cyprus Continue to Climb
Latest statistics reveal that apartment rental prices in the TRNC have increased by nearly 47% in Turkish Lira terms and around 24% in British Pounds over the past year. Kyrenia, Lefke and Iskele remain the most expensive regions, while rental properties priced in Turkish Lira are becoming increasingly difficult to find. Discover the latest market trends and regional rental price differences across North Cyprus.
