What is Happening in the Motherland?
The Turkish Republic of Northern Cyprus is Moving to the Euro
The Turkish Republic of Northern Cyprus, which we call our motherland and is a very important country for our country, has begun its work to use the Euro instead of the Turkish Lira. The continuous depreciation of the Lira and the never-ending election environment our country is in have even angered our motherland. The motherland, wanting to increase its ties with Europe under a new president, wants to be like them by using their currency. This situation is one that needs to be evaluated both from our perspective and from Cyprus's perspective.
Will Cyprus Be Better Off with the Euro?
Although Cyprus's transition to the Euro might seem positive for them at first glance, it will actually fall under European influence. While its current use of the Lira means it only has a connection with Turkey, with a common currency, it will be under the influence of many countries.