×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Cyprus | banks | cash | money

Cyprus Banks Open for Business for Second Day

Friday, 29 March 2013 06:07 AM EDT

Banks in Cyprus are open for normal business for the second day, but with strict restrictions on how much money their clients can access, after being shut for nearly two weeks to prevent people from draining their accounts as the country's politicians sought a way out of an acute financial crisis.

Small lines formed outside some banks just after opening time, but most were gone by mid-morning Friday.

Capital controls have been imposed on transactions, however, meaning that people can only withdraw up to 300 euros a day in cash, and are limited in how much money they can transfer from their accounts. People leaving the country can only take a maximum 1,000 euros in cash with them, and credit card payments abroad are also limited.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


FinanceNews
Banks in Cyprus are open for normal business for the second day, but with strict restrictions on how much money their clients can access, after being shut for nearly two weeks to prevent people from draining their accounts as the country's politicians sought a way out of an...
Cyprus,banks,cash,money
126
2013-07-29
Friday, 29 March 2013 06:07 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved