The November drop, the second in two months, had little impact on overall payments with plastic money in the first eleven months of this year, which rose 4% to over €2.1bn, JCC said in an emailed statement.
Tourists spent in buying products or services in Cyprus €51.7m in November, a 22% increase on November 2015 figures, and their total spending since January rose 13% to €733m, JCC said.
On the other hand, the value of purchases and cash withdrawals of Cypriots abroad rose an annual 20% to €128.9m in November, JCC said. From January to November, Cypriots used their cards for purchases or cash withdrawals worth €1.3bn, which is 18% more compared with the respective period last year.
In November, holders of Cypriot cards spent €608,632 for purchases in the Turkish-held areas of the island and €241,790 in Turkey, JCC said. From January to November, the respective amounts were €6.7m and €2.9m.
Holders of Turkish cards spent €2.1m in November and €23.6m in the first eleven months of the year, JCC said.
Source: Cyprus Mail