Police have stated that there has been a recent flood of fake TL200 notes. These have so far been found in Kyrenia and Famagusta.
One distributor, Fuat Gurbulak, has already been arrested after he tried to pass off a TL200 note at a Kyrenia gift shop. He apparently bought toys to the value of TL15 and received TL185 as cash. Police obtained a search warrant for his hotel room and found a stash counterfeit notes there.
The man appeared in court yesterday and the judge ordered him to be held for 2 days while police investigations continue. Police state that these are high quality fakes but all have the same serial number A054 622 524.