Select a language
Cypriot banks are scheduled to open on March 28 at noon local time, after being shut for 12 days while a bailout plan for Cyprus was devised. "Special security measures were taken" to avoid a bank run, the paper says, adding that —
because the banking sector must confront extraordinary circumstances, temporary measures have been adopted to regulate capital flows in the Republic. [...] All payments and transactions authorised since March 15 will be completed, but cheques will no longer be accepted. Each client will be allowed to withdraw €300 per day from his bank.
Do you like our work?
Help multilingual European journalism to thrive, without ads or paywalls. Your one-off or regular support will keep our newsroom independent. Thank you!
