Skip to content
OC-Logo-1
  • Home
  • Current Events
  • Blog
  • Directory
  • Contact

TURKISH CYPRIOTS HEAD TO SOUTH FOR BAYRAM AS LIRA DEVALUES

Current Events

 

The constantly devaluing Turkish Lira has caused several Turkish Cypriots to spend their holidays celebrating the ‘Feast of the Sacrifice’ in government-controlled areas on the island nation.

According to Havadis, a Turkish Cypriot daily, Nicosia’s Ayios Dhometios crossing was dotted with long lines consisting of several Turkish Cypriots observing Kurban Bayramı spending their time in the government-controlled areas during the holidays of Kurban Bayramı. The paper reported a surge in traffic density at the crossing, though it did clarify that an increase in Greek Cypriots crossing to the north also contributed to the traffic.

The Lira’s devaluation has impacted travel agents as well, who have been adversely affected by the lack of demand for travelling abroad in what was previously considered the peak period of selling packages for trips abroad. This is since the average middle-class Turkish Cypriot can no longer afford to travel abroad thanks to successive price increases.

Countermeasures have been taken by the authorities, who have declared to deal strictly with any business found guilty of profiteering by overcharging for products. Not only will authorities slap such businesses with fines, they may temporarily close their businesses, and/or subject the owner and operators involved to imprisonment.

 

RSS
Follow by Email
Facebook
fb-share-icon
Twitter
Post on X
Pinterest
LinkedIn
Share

Post navigation

Previous: BAKERY ROBBER REMANDED
Next: CYRPUS CREATING TECH HUB FOR BLUE GROWTH


Archives


Recent Posts

  • MINIBUS CARRYING SOLDIERS CATCHES FIRE, ZERO INJURIES REPORTED
  • ALPHAMEGA HYPERMARKET ACQUIRES ‘FOODY’ TO CASH IN ON QUICK COMMERCE
  • UNITED NATIONS HELD A FIVE-PARTY MEETING ON THE CYPRUS ISSUE IN NEW YORK
  • EXCLUSIVE CHANGE CAPITAL HAS REACHED A SETTLEMENT WITH CySEC
  • OUTCRY OVER LARGE-SCALE PURCHASE OF PROPERTY BY ISRAELI NATIONALS
  • WATER SHORTAGE REPORTED IN PAPHOS
  • FATHER DIES ON THE OCCASION OF HIS OWN SON’S WEDDING
  • NATIONAL CAMPAIGN LAUNCHED TO RAISE HYPERTENSION AWARENESS
  • BRITISH NATIONAL ARRESTED FOR ALLEGED TERRORISM ACTIVITY
  • FLIGHT DISRUPTION ON ACCOUNT OF MIDDLE EAST TENSIONS
  • CYPRUS ENTERING ITS FIRST DEFLATION IN YEARS
  • CYPRIOT’S BEACHES EARN GREAT LAURELS FOR THEIR QUALITY & CLEANLINESS
  • HELLENIC BANK OFFICIALLY CHANGES ITS NAME
  • CYPRUS HELPING SYRIANS RESETTLE
  • INDIAN PM RECEIVED WARM WELCOME IN CYPRUS
  • UNEMPLOYMENT AT FIFTEEN-YEAR LOW IN CYPRUS
  • EMPLOYERS FINED THOUSANDS FOR ILLEGALLY EMPLOYING PEOPLE
  • ARMENIA AND CYPRUS TO STRENGTHEN BILATERAL TIES
  • E-KALATHI APP READY FOR LAUNCH
  • ENGLISH TOURIST REPORTED DEAD IN PAPHOS
OC-Logo-1

About Us

The Cypress Observer is your online news source for current events across the country of Cyprus. We strive to bring you the latest news, updates and current events from across the region with a major focus on politics and business.

Recent Posts

  • MINIBUS CARRYING SOLDIERS CATCHES FIRE, ZERO INJURIES REPORTED
  • ALPHAMEGA HYPERMARKET ACQUIRES ‘FOODY’ TO CASH IN ON QUICK COMMERCE
  • UNITED NATIONS HELD A FIVE-PARTY MEETING ON THE CYPRUS ISSUE IN NEW YORK
  • EXCLUSIVE CHANGE CAPITAL HAS REACHED A SETTLEMENT WITH CySEC
  • OUTCRY OVER LARGE-SCALE PURCHASE OF PROPERTY BY ISRAELI NATIONALS

Sitemap

  • Home
  • Current Events
  • Blog
  • Directory
  • Contact
© Copyright The Cypress Observer. Do not copy all or in part without written consent. Privacy Policy