I've found some interesting report about South Cyprus's Economical Situation in 2013 & Bitcoin.
Report Date: 1 April 2013
AKBank's Report: http://yatirimci.akbank.com.tr/doc/ekorapor/Guney_Kibris_Son_Durum_ve_Dijital_Para_Bitcoin.pdf
(Sorry I can't fully translate it, I'm not working on Economics).
To Summarize:
- In South Cyprus Banks limited users with 300 Euros withdraw limit, like Greece.
- If you're going abroad you can have maximum 1000 Euros.
Last 2 sentences on report:
Quote
Özellikle Yunanistan ve İspanya gibi ülkelerde sanal paraya olan ilgi arttı ve bir Bitcoin’in değeri 80 dolara kadar çıktı.
Güney Kıbrıs iş sahipleri mevduatlarını yurtdışına çıkarmak için bu tip alternatif yollara başvuruyorlar.
Güney Kıbrıs iş sahipleri mevduatlarını yurtdışına çıkarmak için bu tip alternatif yollara başvuruyorlar.
Translation: Interest on digital money has raised especially in Greece and Spain, and Bitcoin's value raised to 80 dolars.
South Cyprus business owners are using these kinda alternative ways to send money outside of country.
What do you think?
I think Greece's situation is like South Cyprus's, And lots of business owners from Greece will start to use Bitcoins.
Ps: You can call the country as Cyprus it's ok for me, but I'll call it as South Cyprus because I'm Turkish & I don't recognize it
. If you want to discus this naming issue, open a topic on Politics & Society, let's talk it over there. This topic is for Economical discussion, not for Political one. (Promise I'll add the link here.)