There would need to be some sort of agreement between RoC, Eu and north.
Technically yes.
Yes, any country can do it as long as it has current account surplus. Yet for doing that TRNC should really get down their imports which is not realistic. Yet It would damage economy more than now. BTW if you have account surplus nobody can stop you doing that.
Crypto was designed for just this very purpose.
To circumvent the syphilitic delusions of grandeur of pasha erdogan
They can convert to GBP but i don’t think Euro is possible. Converting to TL was a big mistake in the first place.
The European Union only recognizes the Republic of Cyprus as the sole de jure entity on the island (excluding the British bases).
Therefore it is impossible for the TRNC to adopt the Euro with the EU’s official blessing.
Don’t overcomplicate things.
I wish however that Turkish Cypriots could become financially independent from Turkey and the Turkish lira.
Maybe in a unified Cyprus. Who knows?!..
What about an alternative suggestion. The real problem is that while prices are raising, salaries are not following. So what about tieing the minimum income to the Euro in a fixed system with updates every three months. Same with government salaries. This could fix the problem without worrying about the logistics of a currency change.
You can’t cherry pick,if you join you have to obey the rules of the gc and not just take advantage of the euro
But of course mother turkey will never allow anything like that to happen sadly…
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Not on their own, as an independent country.
There would need to be some sort of agreement between RoC, Eu and north.
Technically yes.
Yes, any country can do it as long as it has current account surplus. Yet for doing that TRNC should really get down their imports which is not realistic. Yet It would damage economy more than now. BTW if you have account surplus nobody can stop you doing that.
Crypto was designed for just this very purpose.
To circumvent the syphilitic delusions of grandeur of pasha erdogan
They can convert to GBP but i don’t think Euro is possible. Converting to TL was a big mistake in the first place.
The European Union only recognizes the Republic of Cyprus as the sole de jure entity on the island (excluding the British bases).
Therefore it is impossible for the TRNC to adopt the Euro with the EU’s official blessing.
Don’t overcomplicate things.
I wish however that Turkish Cypriots could become financially independent from Turkey and the Turkish lira.
Maybe in a unified Cyprus. Who knows?!..
What about an alternative suggestion. The real problem is that while prices are raising, salaries are not following. So what about tieing the minimum income to the Euro in a fixed system with updates every three months. Same with government salaries. This could fix the problem without worrying about the logistics of a currency change.
You can’t cherry pick,if you join you have to obey the rules of the gc and not just take advantage of the euro
But of course mother turkey will never allow anything like that to happen sadly…