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Our
adventures in the Turkish Republic of Northern Cyprus continue....
 
Has anybody seen the exchange rate lately. Of course you have. Today we are getting 2.12YTL for every £1.00. Not many weeks ago we were getting 2.50 YTL, that is a drop of 18% in only a few weeks.
I know that there is a world credit squeeze, but here in TRNC just about everything is imported and paid for in dollars or in euros. as a result I have been today asked by the kitchen suplliers to increase all prices by 12%, they are prepared to absorb some loss in the hope that things turn round, but for any new customers, sorry but the new prices apply.
If we have been discussing things over the last couple of weeks then the prices current still apply. Anybody new, sorry but I have to make sure my suppliers don't lose money.
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