Cyprus FM says bank restrictions to be lifted in a month

Cyprus FM says bank restrictions to be lifted in a month

PanARMENIAN.Net - Cyprus Foreign Minister Ioannis Kasoulides said that, according to the country’s central bank assessments, restrictions on financial transactions are to be fully lifted in a month, The Associated Press reported.

Cyprus imposed capital controls to limit withdrawals and transfers abroad when its banks opened Thursday, March 28 for the first time since March 16. They were announced Wednesday night to prevent worried savers from withdrawing all their money during an acute financial crisis.

The restrictions were imposed for seven days initially and are being reviewed daily.

 Top stories
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million).
The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".
The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.
Partner news
---