North Cyprus News – Where Now For The Turkish Lira? Although the bold Turkish Central Bank move of raising interest rates had a temporary effect, it was short lasting because the market did not believe it. In other words, they expect the rates to fall back and believe the increase was just a message […] North Cyprus News – Turkish Interest Rate Rises to 12% The Turkish Central Bank raised its lending rate to 12% from 7.75% in a bold move to defend the Turkish Lira. The sterling exchange rate which was 3.85TL/£1 a few days ago is now 3.58TL/£1. President Erdogan tried to prevent this rate rise, criticising […] North Cyprus Government – Leadership Not That Popular According to a survey conducted the Cyprus Social and Economic Surveys Centre (KADEM) on behalf of the new north Cyprus publication, the Realist-Kulis newspaper (27.01.14), TRNC Foreign Minister, Ozdil Nami, is the most popular minister in the TRNC government with a score of 9.2 out of […] | ||
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