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Banking in Northern Cyprus

Commercial banks in Northern Cyprus are of two kinds. There are banks which are branches of large organisations based in Turkey, and local banks. Many of these banks have correspondents in other countries. Transactions can be carried out in all leading currencies. The Central Bank of Northern Cyprus is responsible for the monetary, credit and exchange policy, and acts as banker to the government. Banking hours for the public: 8:30 a.m. - 2:00 p.m. in summer. On Mondays also open from 3:00 - 6:00 p.m.

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