Turkey’s Banking regulation and supervision company introduced that each one bank card purchases associated to airways, journey businesses, and lodging that present providers outdoors Turkey would now now not be capable to be paid in installments.

Turkish Cypriot economists worry a “blow” to the tourism trade even in Northern Cyprus, which is taken into account worldwide. The brand new Turkish bank card rules for Turkish bank card holders make it unattainable to pay for worldwide journey and tourism-related expenses in installments.

Economist Mehmet Saydam referred to as on “all companies, businesses, and sectors which collect financial momentum from the tourism sector ought to collect instantly and demand this choice be corrected”. He referred to as on Turkey so as to add an appendage to the choice, making an exception for the north.