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.
Was this article useful? If so we are delighted!
It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.
Discover our subscription offers and their exclusive benefits and become a member of our community now!
