japanese imports

economy inflation

The Worst Economic Crisis in Turkish Cypriot History

The worst economic crisis in Turkish Cypriot history has hit hard, with soaring inflation rates of 94.5% leading to a steep costofliving surge. The devaluation of the Turkish lira, heavy reliance on imports, and foreign currency issues have left the community struggling amidst diminished purchasing power, marking a grim chapter in Northern Cyprus.

Scroll to Top