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.