“In a decree issued by the finance ministry, the 300 euro limit per person per day was scrapped, along with restrictions on breaking fixed-interest time deposits prior to maturity. The decree also allowed, under conditions, individuals to open bank accounts in other credit institutions. Restrictions remain on moving money abroad. Cypriot officials have previously said they anticipate that all controls could be fully lifted by the end of 2014. Cyprus was forced to wind down a major bank and convert large deposits in a second to recapitalise it in order to qualify for aid from the International Monetary Fund and the European Commission.”
http://www.reuters.com/article/2014/03/28/cyprus-capital-controls-idUSL5N0MP3GP20140328
Related posts:
Robber ran major drug ring from prison
Man with walking stick puts three Sapulpa schools on lockdown
U.S. DEA 'most interested' in U.S. investors in Canadian marijuana firms
Euro Zone Grants Multibillion Euro Lifeline for Greece
$50m Dark Web Market Just Disappeared With Millions In Bitcoin
Counterfeit Perth Mint gold sold in China
FTC Settles Google Antitrust Investigation
High Times Starts $300M Marijuana Industry Investment Fund
Idaho Town Struggles After Chinese Factory Fails [2013]
Trade Bitcoins Through Your Social Graph... With Your BitFriends
Eric Holder ‘confident’ of bringing NSA whistleblower Edward Snowden ‘to justice’
U.S. prosecutors subpoena high-profile Bitcoin startup Circle
Dubai to Add Spot Gold Contract
Pressure to legalise marijuana after Australian boy denied treatment
Evaluating Drug Decriminalization in Portugal 12 Years Later