Had noticed how quiet the streets seemed this holiday weekend and imagined families inside for the heat but gathering to happily celebrate Kurban Bayram together. However TRNC online news service LGC paints a less sanguine picture:
The item concludes by saying that on Friday the Turkish lira had fallen further so that a pound sterling was worth 9.12 Turkish lira and a euro 8.25. My sources say the euro today is valued at 8.21 lira but the implications are the same. When we arrived March 10 the euro was worth 6.98 lira. That’s inflation of nearly 18% in less than five months. “This means that businesses can no longer afford to pay the rents on their business premises.”
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