North plans to create own credit card system

Turkish Cypriot ‘prime minister’ Unal Ustel on Friday announced plans for the north to create its own credit card system.

Speaking at a joint press conference with Turkish Vice President Cevdet Yilmaz, he said the system will be entirely local and “will only be valid in the TRNC”.

“Supporting this card with campaigns will accelerate cash flow in the domestic market and create commercial vitality. Our work on this matter is continuing with both the government and all stakeholders,” he said.