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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Northern Cyprus Simplifies Residency Rules for Foreigners: Prime Minister Ünal Üstel Announces Major Reforms
Prime Minister Ünal Üstel has officially unveiled significant amendments to the residency system for foreigners, emphasizing that these steps are not merely administrative, but rooted in humanitarian and social responsibility.Northern Cyprus is a true treasure trove of history, culture
Northern Cyprus is a true treasure trove of history, culture, and natural beauty. Here, legendary landmarks rise proudly: the historic Kyrenia Castle, the romantic Bellapais Monastery, the enigmatic Othello Castle, and the majestic Church of St. George. Other architectural gems, such as St. Hilarion Castle and the Lala Mustafa Pasha Mosque, further enrich the region’s heritage.The Çatalköy-Esentepe Municipality is implementing a significant project to support stray animals
The Çatalköy-Esentepe Municipality is implementing a significant project to support stray animals, following the principles of social municipal governance. Under the initiative of Mayor Ceyhun Kırok, food waste from hotels will be repurposed into nutritious and beneficial meals for stray cats and dogs.Rental prices for apartments in TRNC have increased
Rental prices for apartments in TRNC have increased by an average of 22 percent over the past year.
