Sunday, July 13, 2014

Cyprus banks open for business for second day

March 29. 2013 6:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) 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.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds