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:
New Residence Permit Rules in Northern Cyprus: What Changed for Property Owners in October 2026
In October 2026, new rules came into force in Northern Cyprus regarding residence permits for foreign nationals who already own property with a registered title deed (TAPU) in their name, as well as those purchasing property under a sales contract where the TAPU has not yet been transferred.Northern Cyprus Property Market Main News and New Rules for Investors by Alliance
Real estate investment in Northern Cyprus is undergoing a major transformation. The period of chaotic speculative demand has transitioned into an era of high transparency and market maturity.Hot News North Cyprus: Key Events of the Week August 10 to August 17 2026
Hot News North Cyprus: Key Events of the Week August 10 to August 17 2026Northern Cyprus News: July 2026 Digest
The real estate market and infrastructure of the Turkish Republic of Northern Cyprus (TRNC) continue to develop actively, moving towards a phase of maturity and increased security for foreign investors. Here is our key overview of the main events and legislative changes on the island over the past week.
