The latest economic situation was the topic of discussion at a high-level meeting at the presidential palace on Monday.

President Ersin Tatar chaired a meeting attended by Prime Minister Faiz Sucuoğlu, the head of the TRNC Central Bank Rifat Güney, representatives of the bankers association and financial experts to discuss steps aimed at mitigating the impact of the current economic crisis.

An evaluation was made on the possible impact of the ongoing loss of the value of the Turkish Lira on various sectors.

Speaking during the meeting, President Tatar expressed his belief that various steps will help stem the negative effects of the fluctuations in the value of the TL.

An agreement was reached at the meeting to carry out work aimed at fixing exchange rates for individuals paying bank loans or to extend their payment schemes.