Cyprus-Forum.com

[sk]

if 0,58 cyp is 1 euro, then 58cyp are 100 euro. isnt it a simple calculation?if i am right then what is the meaning of that calculation?


0,58=1
58=x 58*1
=> x=-------=100 sint it like this that we calculate it?
0,58

[sk]

hm....hehe.....my previous post is not best......well if you can understand it can u explain to me?

[Piratis]

And until last year the Turkish Lira was the least valued currency:

http://en.wikipedia.org/wiki/Least_valued_currency_unit

Is the Turkish Lira stable now? Or we will be talking about million liras notes in a couple of years again?

[garbitsch]

Now it seems the new lira is doing well. BTW you cannot see millions in two years even if the inflation is overf 100%. It took 20 yrs for Turkish lira to become millions. But we'll see. The economics in Turkey is very fragile and even a very little crisis in government might lead to devaluation of the currency.

[erolz]

And until last year the Turkish Lira was the least valued currency:

http://en.wikipedia.org/wiki/Least_valued_currency_unit

Well in economic terms the defintion is meaningless (shown by the fact that you can aribtarily remove some zeros and changed your postion in this 'league table' with no ecoomic impact at all)

Is the Turkish Lira stable now? Or we will be talking about million liras notes in a couple of years again?

Actualy the TL (or YTL now) has been remarkably stable since it was floated openly on the foreign exchange market around 2.5 years ago, which just happens to conincide with when I came to live in Cyprus. In fact relative to the Pound (sterling) it has strengthen in this period - going from about 2.7 when I arived to about 2.5 today (much to my disapointment as my income in all UK sterling based).

[devil]

if 0,58 cyp is 1 euro, then 58cyp are 100 euro. isnt it a simple calculation?if i am right then what is the meaning of that calculation?


0,58=1
58=x 58*1
=> x=-------=100 sint it like this that we calculate it?
0,58

The banks will say the CYP 1 = EUR 1.72 but the shopkeepers (especially the big supermarkets) will say CYP 1 = EUR 2.15 to get their extra 25% greedy margin. Maybe, some articles on special offer at EUR 2.00. They will justify this by stating that all their point-of-sale machines and paperwork will need modifying and their staff will need training; after all, you can't expect them to do all that extra work for nothing and their current 100% average markup will not cover the costs.

Pity that the French Carrefour or Legrand or the Swiss Migros or the American Walmart don't open a few shops here. All imported goods from Europe would become easily 50% cheaper overnight and Messrs Orphanides, Chris, Metro, Ermes, Alphamega etc wouldn't know where all their customers went. Example: I'm particularly fond of Gruyère cheese. In Migros, you could expect to pay a typical retail price of CHF 18-21/kg for it (CYP 6.55 - 7.63) . The wholesale price would therefore be about CYP 5.88. The Swiss government give a 10% subsidy on exports, so the typical price that a Cypriot importer would pay would be about CYP 5.30. Let's be generous and say that transport would cost CYP 1/kg (by surface). It can't be much more as other European rubbishy factory-made cheeses retail here at CYP 3-4 (and they are overpriced, at that). How much does it sell here for? CYP 14.90/kg, which means that the markup in this country is 136% or thereabouts. Not a bad profit margin. I've see similar markups on many other products. We are already being robbed, and it will ve worse in 2007, mark my words.

[sk]

the german lidl will open several shops soon they said!!!but what u say is very scary!!!!!

[brother]

If Lidl are opening stores in cyprus then i would imagine based on the cheap prices they do in u.k the large stores will have their work cut out for them but may i add that the quality of food is not always so great as say Tesco or sainsburys but very cheap to shop there.

[metecyp]

Pity that the French Carrefour or Legrand or the Swiss Migros or the American Walmart don't open a few shops here

Well, there're many Migros in Turkey, I'm sure they wouldn't mind opening one in north Cyprus..

And as for Wal-Mart, I wouldn't be able to survive as a student without Walmart They have the best and cheapest items, long-live Walmart!

[erolz]

I'm particularly fond of Gruyère cheese.

You could have a look here

http://www.come-shopping.co.uk/director ... online.htm

One that I have already investigated for you from this list is

https://www.cheesehamlet.com/cheese.asp ... ubCatID=14

and they claim "We can arrange delivery to most international destinations, (this includes Northern Ireland, Scottish Highlands and Islands, Isles of Man and Isles of Scilly) delivery times and prices available upon request. "

However I doubt it is going to be any cheaper that buying from the supermarket robber barrons