The Northern part of Cyprus has a unique status as a part of the EU where the EU law has been suspended.
In a referendum held in 2004, Turkish Cypriots living in the north voted in favour of the Annan Plan, also known as the UN Cyprus reunification plan, while the Greek Cypriots in the south rejected. So a divided Cyprus joined the EU as a full member.
This resulted in the euro being the legal tender in the southern part of t...
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Already a member? Login hereProfessor Dr Mete Feridun is chair of the Centre for Financial Regulation and Risk Management at the Eastern Mediterranean University in North Cyprus/Turkish Republic of Northern Cyprus.
Professor Dr Mete Feridun is chair of the Centre for Financial Regulation and Risk Management at the Eastern Mediterranean University in North Cyprus/Turkish Republic of Northern Cyprus.