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Economic Crisis Casts Shadow Over Bayram

Economic Crisis Casts Shadow Over Bayram

August 22
08:20 2018

North Cyprus News - Falling LiraKurban Bayram has been overshadowed by the economic crisis due to the devaluation of the Turkish lira.

With the aim of protecting their money, some citizens did not even go shopping, notes Turkish Cypriot daily ‘Kibris’, adding that the economic crisis is the main topic in the messages of state”and government officials at this year’s holiday.

Due to lack of money, many people have been unable to sacrifice animals [according to the custom during this feast]. Moreover, everybody is waiting to see how the measures announced by the government will influence their lives and worry about the foreign currencies’ rates after the nine-day holiday for the Feast of Sacrifice.

North Cyprus News - Tufan ErhurmanIn an address to the nation, Prime Minister Tufan Erhurman, argued last night that the problems will be more easily overcome if they act together. He noted that the increase in the foreign exchange rates resulted in an increase of the cost of living and has seriously decreased people’s purchasing power. He also reiterated that they will punish those who try to exploit the crisis and to make excessive profits.

 

Kibris