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  • 26-12-21

    Attempts to enhance Turkish currency in trade with Northern Cyprus

    (MENAFN) According to the economy and energy minister of the Turkish Republic of Northern Cyprus (TRNC) statement on Thursday, attempts to shift to the Turkish currency in exchanging with Turkey have enhanced.

    Based on Sunat Atun written declaration, the sale of Turkey’s goods with the Turkish currency in the TRNC is going to lower the risk of inflation based on external currency, increasing price stability, adding that he had encountered with Turkish trade establishments on the issue.

    The official said, "in an environment where mutual trade is predominantly carried out in Turkish lira, some products should not be invoiced in foreign currency in the TRNC while they are sold in Turkish lira to the domestic market of Turkey.”

    Atun also stated, "this is crucial for commercial predictability and price stability."

    MENAFN26122021000045013568ID1103447425

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