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TRNC issues 90 day currency exchange rate freeze on imports

31 August 2015

Prime Minister Omer Kalyoncu has issued a statement prior to the Council of Ministers’ meeting today with regards to the foreign currency exchange rate.

As the TRNC has an economy based mainly on imports, the foreign currency exchange rate is being frozen for 90 days on imported goods at the rates of $2.70 dollars, £4.14 pounds and Euro 2.97. TRNC Central bank figures for March-August were taken into account when setting the rates.

Kalyoncu said that currently, it was not possible to take measures on loans.

Kibris Postasi

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