TRNC is exempt from installment restrictions on foreign expenditures

The Banking Regulation and Supervision Agency (BRSA) announced that the installment period will be applied as 3 months for airlines, travel agencies and accommodation-related expenses related to the Turkish Republic of Northern Cyprus (TRNC).

In the statement made on the website of the BRSA, information was given on the changes made in the Regulation on Bank Cards and Credit Cards.

In the statement, it was stated that the Turkish Republic of Northern Cyprus would be exempt from the decision taken on July 31 not to make installments in international expenditures related to airlines, travel agencies and accommodation, and that the expenditures could be divided into 3 installments.

Source: Trthaber / Prepared by Irem Yildiz

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