Reuters in Nicosia

Latest from Reuters in Nicosia

Cyprus to reopen banks, impose capital controls

Cyprus reopens its banks on Thursday while limiting withdrawals, banning cheques and curbing the use of Cypriot credit cards abroad, among measures imposed to avert a bank run after it agreed a tough rescue deal with international lenders.

20 Jul 2018 - 2:51PM

Cyprus reopens its banks on Thursday while limiting withdrawals, banning cheques and curbing the use of Cypriot credit cards abroad, among measures imposed to avert a bank run after it agreed a tough rescue deal with international lenders.

Cyprus to reopen banks, impose capital controls
Cyprus girds for run on banks after sealing bailout

The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests and would end anxiety, but he also announced “very temporary” capital controls to stem a run on the island’s banks.

26 Mar 2013 - 5:48AM

The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests and would end anxiety, but he also announced “very temporary” capital controls to stem a run on the island’s banks.

Cyprus girds for run on banks after sealing bailout