Cyprus banks braced for reopening

2013-03-28 16

The Cypriot government has imposed tight restrictions on access to funds as the banks prepare to open for the first time in nearly two weeks.

Among the moves to prevent a run on the banks is a 300 euro cap on withdrawals and a 3,000 euro limit on money allowed out of the country.

The European Central Bank sent a plane containing 1.5 billion euros to Larnaca.

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