Kibkom North Cyprus Forum

Were holding out a little longer until we have to increase our prices slightly so still a few days left to stock up on your wines

before the increase.

The exchange rates are effecting all imported goods that are purchased in Dollar and Euro.

Chicken up 3tl per kg

Restaurant prices changing

Kebabs gone from 10tl to 13tl etc !

Thought we was doing well with having the pound.

I didn't realise chicken was imported: nor most other meat (except frozen pork) for that matter!

You can bet the foodstuffs are though.

Sorry Johnny what do you mean by "foodstuffs". Surely most basic food ~bread, meat, fish, fruit and veg , milk, yogurt and local cheeses are produced locally or come from Turkey??

Its some of the frozen,packaged and tinned stuff that is imported and subject to the value of the TL. The basics should not go up, which does not mean to say they aren't - or wont, but I am sure it would help the local population )and some of us expats) if falls in the TL didnt mean EVERYTHING went up.

Why for instance did the price of Pasta made in Turkey (which is an ingredient in some traditional Cypriot dishes and a cheap staple for those of us feeding stray dogs) rise drastically before the drop in the Lira?

Surely it is only if we choose to indulge in brand names and things like packet cereals that we should be hit by these increases?

One thing that never ceased to amaze me is that one hour after a budget where cigarette duty was put up by 10p the shops were charging 10p more for cigarettes - even though their current stock was bought on the old duty!

Ragged Robin wrote:I didn't realise chicken was imported: nor most other meat (except frozen pork) for that matter!

The feed for the birds is imported from Holland and Germany

With the state of the euro..that should bring the price down!

Retired wrote:With the state of the euro..that should bring the price down!

hmmmmmm

How do you work that out?

We have to give more Turkish lira to buy sterling and we have to give more turkish lira to buy Euros.

To buy 1 euro now costs us more in TL than it did last year

Hedge-fund wrote:One thing that never ceased to amaze me is that one hour after a budget where cigarette duty was put up by 10p the shops were charging 10p more for cigarettes - even though their current stock was bought on the old duty!

I asked about this for petrol years ago, as it too went up at say 6pm after the budget.

The tax is actually applied to existing stock held. For example petrol tax is measure based on the volume through the pump, not that held in the storage tank.

I would think the same could easily be true for tobacco. The tax is charged as the item is sold, and the shop computer system knows exactly the time and item, so knows the tax to apply, which us then paid over through the tax system.

Maybe some smaller retailers can adjust this and claim they were sold earlier in the day, but not the supermarkets.

This shows the change in value of the Euro against the Turkish Lira.


http://www.exchangerates.org.uk/EUR-TRY ... story.html